Bullet Loan

Bullet Loan – David Reecher Any loan that requires a balloon payment at the end of the term and anticipates that the loan will be refinanced in order to meet the balloon payment obligation. Davi... Read More

Buydown

Buydown – David reecher A buydown is a mortgage-financing technique with which the buyer attempts to obtain a lower interest rate for at least the first few years of the mortgage, but possibly i... Read More

Absentee Owner

Absentee Owner – David Reecher An individual who owns a piece of real estate but does not live in it. An absentee owner may also be an entity such as a corporation or real estate investment trus... Read More

Abstract of Title

Abstract of Title – David Reecher A brief history of the titles for a piece of land. The abstract of title lists all of the legal actions that have been performed or used in conjunction with a p... Read More

Tenancy in Common

Tenancy in Common – David Reecher A type of ownership in which two or more people have an undivided interest in property, without the right of survivorship. Upon death of one of the owners, his ... Read More