Truth in Lending Act – David Reecher Federal law that makes lenders disclose, in writing, all terms, charges and APR to borrowers upon loan application and again at the closing of the mortgage ...Read More
Transaction Broker – David Reecher A transaction broker (also referred to as a facilitator, coordinator or contract broker) is not a representative or agent for either the buyer or the seller.&...Read More
Subsidized Second Mortgage – David Reecher A creative financing option known as the Community Second® mortgage for low- and moderate-income households.An investor purchases a first mortgage th...Read More
Tax Deed – David Reecher A deed that is used to convey title when the real estate is purchased from the county, having been auctioned off to pay for back taxes that went unpaid by the original ...Read More
Ten Thirty One Exchange – (1031 Exchange) – David Reecher A means of deferring capital gains taxes on real estate exchanges for like kind properties. This is allowed under the U.S. Internal R...Read More
Use your 401K to buy a house – By David Reecher Some administrators of 401(k)/403(b) plans allow for loans against the monies you have accumulated in these plans. Loans against 401K plans are an acc...Read More
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