Incurable Defect
Incurable Defect – David Reecher Certain parcels of real property sometimes contain defects that cannot reasonably be cured. When this happens, the result is known as an incurable defect. This basic... Read More Income Property
Income Property – David Reecher Income property is any property where the owner is not living in it and is making money from it. A home that was once owner occupied can become an income property if ... Read More In-File Credit Report
In-File Credit Report – David Reecher An in-file credit report is a detailed history of a borrower’s credit history. It is considered to be an objective data source because it consists of factual ... Read More Implied Warranty of Habitability
Implied Warranty of Habitability – David Reecher The courts have found that there is an implied warranty of habitability with every new home that is built, and this entails that every single new hom... Read More Impact Fees
Impact Fees – David Reecher Impact fees are taxes imposed by a city or municipality in order to pay for the infrastructure improvements that are necessary when a new development is constructed. The ... Read More Housing Expense Ratio
Housing Expense Ratio – David Reecher The housing expense ratio is a percentage derived from dividing all of a borrower’s monthly obligations by their gross monthly income. The borrower’s monthl... Read More Housing Discrimination
Housing Discrimination – David Reecher Housing discrimination is the act of disallowing a person or group the right to rent or purchase a residence because of their age, race, religion, color, natio... Read More 