- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
A federal law requiring disclosure of the APR-Annual Percentage Rate to home buyers shortly after they apply for the loan. Also known as Regulation Z.
Industry:Real estate
A property that consists of a structure that provides living space (dwelling units) for two to four families, although ownership of the structure is evidenced by a single deed.
Industry:Real estate
The decision whether to make a loan to a potential home buyer based on credit, employment, assets, and other factors and the matching of this risk to an appropriate rate and term or loan amount.
Industry:Real estate
Lacking in moral principal; failing to conform to an accepted code of behavior.
Industry:Real estate
An act, deed, or condition contrary to the law or permissible use of real property.
Industry:Real estate
An affordability analysis that is based on a what-if scenario. A what-if analysis is useful if you do not have complete data or if you want to explore the effect of various changes to your income, liabilities, or available funds or to the qualifying ratios or down payment expenses that are used in the analysis.
Industry:Real estate
A change in the amounts that is used as the basis of an affordability analysis. A what-if scenario can include changes to monthly income, debts, or down payment funds or to the qualifying ratios or down payment expenses that are used in the analysis. You can use a what-if scenario to explore different ways to improve your ability to afford a house.
Industry:Real estate
Results when an existing assumable loan is combined with a new loan, resulting in an interest rate somewhere between the old rate and the current market rate. The payments are made to a second lender or the previous homeowner, who then forwards the payments to the first lender after taking the additional amount off the top.
Industry:Real estate
The regulation of structures and uses of property within designated districts or zones. Zoning laws are enacted in the exercise of police power and are upheld as long as they may reasonably protect the public health, safety, morals, and general welfare of an area.
Industry:Real estate
Occurs when someone voluntarily surrenders or relinquishes possession of real property without vesting this interest in any other person.
Industry:Real estate
