Glossary
Appraisal
An estimate of the value of your home and property...
Assignment
An assignment is a term used with similar meanings in...
Deed In Lieu
A voluntary conveyance of title in exchange for a discharge...
Escrow
The closing of a transaction through a third party called...
Flipping
Flipping is a term used primarily in the United States...
Foreclosure
A legal procedure, ordered by a court, by which a...
Lis Pendens
Latin for suit pending. Recorded notice of the filing of...
Mortgage
A mortgage is the transfer of an interest in property...
Mortgage Broker
A professional that helps consumers through the loan selection, processing,...
Real Estate Agent
A person licensed by the state who represents a broker...
Real Estate Broker
A real estate broker is a term in the United...
REO (Real Estate Owned)
This is Real Estate that is owned by the lender....
Short Sale
A property that has not been completely paid off is...