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
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
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 – 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 – 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
David Reecher writes: If you or someone you know is being weighed down by an unmanageable mortgage, the key to getting through is educating yourself on the options. Unfortunately, there is so much inf...Read More
What is an estoppel certificate? – David Reecher An estoppel certificate is a signed statement of facts that cannot later be contradicted by the signer. It is used in mortgage negotiations to es...Read More
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