PUD vs. Condo, what’s the difference? – By Tom Horn, Birmingham Appraisal Blog. republished by David Reecher If you are in the real estate business you may have heard the terms PUD and Condo, but ...Read More
Determining the Value of a Property – David Reecher A valuation technique in which a recently sold asset is used to determine the value of a similar asset. This technique is used in real estate to d...Read More
Understanding A Condominium Fee – David Reecher A maintenance fee charged by a condominium complex to cover the cost of repairs, landscaping, concierges, or amenities such as a gym or a pool. The co...Read More
What is Certificate of Title? – David Reecher A certificate of title is a state or municipal-issued document that identifies the owner or owners of personal or real property. A certificate of title ...Read More
What is Beneficial Interest? – David Reecher A beneficial interest is the right to receive benefits on assets held by another party. Beneficial interest is often referred to in matters concerning tr...Read More
Bare Walls Insurance Coverage – David Reecher A type of insurance coverage that applies to communally used features in residential multi-family buildings. Bare walls coverage is used for condominium...Read More
All Renters Should Understand “Attornment” – David Reecher The act of granting authority or jurisdiction to a party even though no legal rights exist. Attornment most commonly relates to laws re...Read More
New Home Buyers Look For Green Options – David Reecher 11% of new homebuyers stated “energy efficient features” as the reason for their purchase. The most popular remodeling projects done for en...Read More
Accelerated Amortization – David Reecher Extra payments made towards paying down a mortgage principal. With accelerated amortization, the loan borrower is allowed to add additional payments to their...Read More
Alligator Property – David Reecher In real estate, when the cost of mortgage payments, property taxes, insurance and maintenance on a rental property is greater than the income it brings in. If...Read More
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