Month: June 2020
Cluster Development
Cluster Development – David Reecher A cluster development describes a system of compressing more homes into a constricted space. Cluster developments are commonly found in urban neighborhoods wh... Read More
Cloud on Title
Cloud on Title – David Reecher Cloud on title is a term referring to an apparent encumbrance on real estate property. Part of most real estate transactions is getting title insurance, which requ... Read More
Closing Statement
Closing Statement – David Reecher A closing statement is a statement that outlines the final details of a real estate transaction. It lists all the costs of the transaction and indicates the one... Read More
Closing Disclosure (CD – formerly HUD-1)
Closing Disclosure (CD – formerly HUD-1) – David Reecher The Closing Disclosure (CD – formerly the HUD-1 Uniform Settlement Statement) is a three-page, government-mandated form that ... Read More
Closing Costs
Closing Costs – David Reecher Banks and financial institutions charge fees for creating the mortgage loan. The closing costs generally amount to about 1 to 5 percent of the mortgage but can vary... Read More
Clear Title
Clear Title – David Reecher In real estate, the term clear title is the definition for property that is clear from liens, encumbrances and judgments, and it belongs solely to the owner. Other te... Read More
Classified Property Tax
Classified Property Tax – David Reecher A classified property tax is a tax that varies depending on the use of the property. The value of a parcel of land varies greatly depending on its use and... Read More