Addendum – David Reecher An addendum is a change or addition attached to a real estate contract. It indicates terms that were not included in the original contract of purchase or sale. The adden... Read More

Add-On Interest

Add-On Interest – David Reecher Add-on interest refers to the interest paid by the borrower on the principal for the life of the loan. The lender determines the amount of this interest at the be... Read More

Actual Age

Actual Age – David Reecher When buying or selling a home, it’s important to know and consider the house’s actual age. The actual age of a building simply refers to how long the dwell... Read More

Acre Foot

Acre Foot – David Reecher An acre-foot is a volume occupied by one acre of land with a depth of one foot. Volume for an acre-foot is equivalent to 43,560 cubic feet (An acre measures 43,560 squa... Read More