PUD vs. Condo, what’s the difference?

Posted on January 23, 2020 by davidreecher

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, ... Read More

Pyramid Zoning

Posted on November 22, 2019 by davidreecher

Pyramid Zoning – David Reecher Form of zoning regulation permitting all the uses permitted in more restrictive zoning to also apply to less restrictive zoning. The net effect of pyramid zoning i... Read More

Underwriting

Posted on August 30, 2019 by davidreecher

Underwriting – David Reecher In mortgage lending, underwriting is the decision-making process used to determine whether the loan risk is acceptable to the lender. Underwriting involves the... Read More

Insider Rights

Posted on August 5, 2019 by davidreecher

Insider Rights – David Reecher Special rights offered to tenants occupying apartments in a building in the process of converting to a co-op or condo, giving them the exclusive right to buy their... Read More

Graduated Lease

Posted on August 3, 2019 by davidreecher

Graduated Lease – David Reecher A graduated lease is a lease in which the rent changes from period to period over the lease term. This type of lease is usually used by a new business tenan... Read More

Acre

Posted on July 2, 2019 by davidreecher

Acre – David Reecher Is a unit of land area used in the imperial and US customary systems. It is defined as the area of 1 chain by 1 furlong (66 by 660 feet), which is exactly equal to 43,560 sq... Read More

RIPARIAN RIGHTS

Posted on June 24, 2019 by davidreecher

RIPARIAN RIGHTS – David Reecher The many rights of a person in, to, and over the banks, bed, shallows, shore, and water of a stream or body of water upon which his land borders.... Read More

REFINANCE RATE

Posted on June 24, 2019 by davidreecher

REFINANCE RATE – David Reecher When referring to title insurance, the refinance rate is the reduced rate for a loan policy issued on the new loan in a refinance transaction, in which the origina... Read More

Setback

Posted on May 10, 2019 by davidreecher

Setback – David Reecher Setback is a technical property term that refers to the minimum distance that a house must be from the end of the lot line. The specific setback distance is determined by... Read More

Reverse Mortgage

Posted on May 6, 2019 by davidreecher

Reverse Mortgage – David Reecher A reverse mortgage is a loan, but it is only available to homeowners that are over a certain age and that have a specific amount of equity in their homes. While ... Read More