Convertible ARM – David Reecher An adjustable-rate mortgage (ARM) that can be changed, or converted into a fixed rate mortgage during a specified period and under certain conditions of the loan...Read More
Contingency -David Reecher A condition that must be met before a contract is legally binding, or before a sale is to be completed. The contingency provides an out or an escape from performing if ...Read More
Common Areas -David Reecher The space that is shared among all property owners. In a condominium that may be the building corridors, elevators, parking areas, recreational facilities, etc. ...Read More
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