Life Estate – David Reecher A freehold equity in an estate, restricted to the duration of the life of the grantee or other stipulated individual....Read More
In a Seller’s Market: Is it Time to Downsize? – David Reecher A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future a...Read More
Libor London Interbank Offered – David Reecher Rate, which is the rate that international banks, dealing in Eurodollars, charge each other for large loans....Read More
Levy – David Reecher 1. The imposition or collection, usually by a legal or governmental authority, of that which is due.2. Amount of money that is certified to be raised from property tax....Read More
Letter of Commitment – David Reecher Official notification to a borrower of the lender’s intent to grant a loan, it also specifies the terms of the loan and sets a date for the closing....Read More