- Industry: Real estate
- Number of terms: 2794
- Number of blossaries: 0
- Company Profile:
Coldwell Banker is a large real estate franchise founded in 1906 in San Francisco. Coldwell Banker has an international presence, with offices on six continents, 46 countries and territories. There are more than 600 Coldwell Banker offices outside of the United States.
Cash given along with an offer to purchase property, Also called EARNEST MONEY.
Industry:Real estate
A clause in a trust deed that gives the trustee the right to sell borrower's property publicly, without court procedure, if the borrower defaults on the loan.
Industry:Real estate
The process a lender takes to pursue a borrower who is delinquent on his payments in order to bring the mortgage current again. Includes documentation that may be used in foreclosure.
Industry:Real estate
Any collection of buildings that are designed and built to support the habitation of more than four families.
Industry:Real estate
As used in appraisal, loss in value due to any cause. As used in taxation, a capital cost recovery out of income.
Industry:Real estate
The process of applying for a mortgage loan and becoming approved for a certain amount at a certain interest rate before a property has been chosen. Pre-approval allows the borrower greater freedom in negotiations with sellers.
Industry:Real estate
A second party who signs a loan, along with the borrower, and becomes liable for the debt should the borrower default.
Industry:Real estate
The pooling in a central bureau of all properties listed for sale. Listings are held individually by members of a group of real estate brokers, with the agreement that any member may sell the property and the commission will be divided between the listing and selling broker.
Industry:Real estate
