Land Residual Technique – David Reecher An appraisal method of estimating the value of land when given the net operating income and the value of improvements...Read More
Land Reclamation – David Reecher The process of upgrading unusable land through making physical improvements, such as draining and filling a swamp....Read More
Land Loan – David Reecher Loan used to purchase land. There is more risk connected with the purchase of unimproved land than improved property, therefore, a mortgage for unimproved land will usually...Read More
Land Contract – David Reecher A type of creative financing in which a down payment is made and periodic payments are made at intervals to pay off the balance. The purchaser may use, occupy and enjoy...Read More
Lagging Indicators – David Reecher Six lagging indicators issued by the government consisting of unemployment rate, corporate expenditures, labor cost per unit, loans outstanding, bank interest rate...Read More
Kick-out Clause – David Reecher Sales contract clause, which allows a seller to accept a contingent offer and then back out to accept a second and better offer without penalty....Read More
Just Compensation – David Reecher The fair market value of a property, paid to the owner, when that property is acquired in an eminent domain action....Read More
Judicial Foreclosure – David Reecher Property of a defaulted borrower is sold under court order and the amount received is ratified by the Court....Read More
Judgment Lien – David Reecher Court order in which the judgment creditor is granted a lien against the property of the judgment debtor for the nonpayment of the amount due....Read More