Origination Fee – David Reecher Fee charged by most lenders, which covers the direct costs of arranging the loan, and also referred to as points, which is one per cent of the total loan amount....Read More
Ordinary Interest – David Reecher Interest based on a 360-day year instead of a 365-day year. The former is referred to as simple interest and the latter is termed exact interest. The difference bet...Read More
Ordinary Income – David Reecher Defined by the Internal Revenue Code to include salaries, fees, commissions, interest, dividends, and many other items. Taxed at regular tax rates, contrasted with lo...Read More
Option to Purchase – David Reecher Contract that gives one the right, without any obligation, to purchase a property, within a certain period of time and at a certain price, subject to conditions....Read More
Option Listing Agreement – David Reecher A contract, given for a consideration, where an optionor gives an option to the optionee for the right, but not the obligation, to purchase property within a...Read More
Opinion of Title – David Reecher A certification, usually from an attorney, as to the validity of title to property being sold, after examining the abstract of title. The opinion of title is essenti...Read More
XThe owner of this website is committed to accessibility and digital inclusion. Steps are being taken to correct issues and to conform with WCAG 2.1 AA Web Accessibility standards. Automatic and manual testing is ongoing.
XThe owner of this website is committed to accessibility and digital inclusion. This website has completed the automated testing process and conforms with most WCAG 2.1 AA Web Accessibility standards. Manual testing may still be ongoing, routine automated testing continues, new and updated content is evaluated for issues.
XThe accessibility of our website is taken very seriously. We strive to meet WCAG 2.1 AA Web Accessibility standards by routinely evaluating our website using automated evaluation tools and manual testing when required. As content changes we review and correct issues and are responsive to our users needs. If you encounter issues with our website, please report them so they may be corrected in a timely manner.