Condominium – David A Reecher Real estate ownership where several owners hold title to different individual units, or parts, of the building and have a shared interest in the common areas. David...Read More
Due on Sale Clause – David A Reecher Language in the mortgage closing agreements that inform the borrower that if they allow their loan to be assumed or transferred in any way, the lender has th...Read More
Fannie Mae’s Community Home Buying Program – David A Reecher A flexible home purchase program to assist low-to-moderate income families in the purchase of a home by decreasing the amount of do...Read More
Exclusive Agency Listing – David A Reecher A written agreement between a property owner and a real estate broker giving the broker the exclusive right to sell the property for a specified period...Read More
Escrow – David A Reecher A neutral third party holds other people’s funds in a secure account for future use. An earnest money deposit is held in a real estate broker’s escrow account. It is...Read More
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