- 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.
The percentage of vacant properties in a given area that is the result of natural turnover and market forces.
Industry:Real estate
A negotiable fee paid to the lender to secure financing to the buyer. Discount points are interest charges paid up-front to reduce the interest rate on the loan over the life or a portion of the term.
Industry:Real estate
A fee charged to a borrower who pays a loan in full before the stated due date.
Industry:Real estate
Fees which are charged to the tenets or owners of properties to cover the costs of maintaining areas shared with other tenets or owners. Commonly found in condominium, PUD or office spaces.
Industry:Real estate
Monthly payments fail to cover the cost of the interest on a loan, which is then added to the principal balance. As a result, a borrower could owe more than at the beginning of the loan even after making several payments.
Industry:Real estate
Less formal that pre-approval, pre-qualification usually means a written statement from a loan officer indicating his or her opinion that the borrower will be able to become approved for a mortgage loan.
Industry:Real estate
Any areas, such as entryways, foyers, pools, recreational facilities or the like, which are shared by the tenets or owners of property near by. Commonly found in condominium, PUD or office spaces.
Industry:Real estate
A subsection of a municipality that has been designated by a developer, economic forces or physical formations.
Industry:Real estate
A method of taxing real property transfers. State law requires that a tax be paid prior to recording a deed.
Industry:Real estate
