Transfer of Ownership
Transfer of Ownership – David Reecher A transfer of ownership indicates any means through which a property’s ownership rights are handed off to another individual. These rights include the... Read More
Trans-Union
Trans-Union – David Reecher Trans-Union is the country’s third largest credit reporting bureau and offers a range of information to banks, creditors, lenders and borrowers. Trans-Union was... Read More
Trading Up
Trading Up – David Reecher A buyer is said to be trading up when he or she purchases a home that is more expensive than the home he or she currently owns. Buyers may be trading up for several re... Read More
Trading Down
Trading Down – David Reecher Whenever buyers purchase a home that is less expensive than the one they currently reside in, this is referred to as trading down. This is sometimes done when homeow... Read More
Trade Equity
Trade Equity – David Reecher In the world of real estate, trade equity is the money that is given when a prospective buyer sells an existing property in order to finance the down payment on the ... Read More
Total Expense Ratio
Total Expense Ratio – David Reecher Total expense ratio is a term used to refer to the ratio made up of a borrower’s total monthly debt as compared to their monthly gross income. Lenders a... Read More
Title Search
Title Search – David Reecher A title search is used as part of a real estate transaction and determines the actual ownership of a property as well as the existence of any encumbrances or liens. ... Read More
Title Risk
Title Risk – David Reecher A title risk refers to anything that might impede the transfer of a title from one owner to another. When making a property purchase, a buyer is always running the ris... Read More