discount rate definition real estate

Appraisals rather than purchase prices are used to determine value.
Mortgage - A lien against real property given by a borrower to a lender as security for money borrowed.
HUD-1 Statement - A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction.
Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments.Seller Financing - also known as Owner Financing.Federal Reserve funds overnight.This type of obligation typically exists when one person places special trust and confidence in another person and that responsibility is accepted.This definition was written in the context of Real Estate Investing.Quitclaim Deed - a deed that conveys only the grantor's rights or interest in a property, without stating the nature of the rights or interest and with no warranties of ownership.Estate at Sufferance - the wrongful occupancy of property by a tenant after the lease has expired.Cancellation Clause - a contract provision that gives the right to terminate the obligations upon the occurrence of specified conditions or events.The primary intent of these programs is to allow owners of small businesses to use their actual cash flows rather than the net incomes normally reported in tax filings.Agreement for Deed - see Contract for Deed.Balloon Payment - An installment payment which is larger (most often much larger) than the other scheduled payments.
Depending on the type of loan and the particular lender, a package may contain some or all of the following as well as other documents: loan application, statement of use of funds, statement of net worth, P L statements, tax returns, pay stubs, statements from.
Conceptually, Fractional Ownership is not the same as a Timeshare.Mechanic's Lien - a lien given by law upon a building or other improvement upon land as security for the payment of labor and materials furnished for improvement.This excess is usually given to the borrower in cash and can often be used for debt consolidation, home improvement, or any other purpose.This distinction can be important if you're making large gifts to reduce your eventual estate tax.If the initial interest rate.25 and the lifetime cap.0, the highest interest rate a borrower could pay during the course of the loan would.25 (5.25.0).See also homeowners insurance.Capitalization (Cap) Rate - rate of return used to derive the capital value of an income stream, divide annual income by net operating income.Cooperative (co-op) - a type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation win mets postseason tickets that owns the property, giving each resident the right to occupy a specific apartment or unit.The preferred candidate for conventional loans typically would have debt ratios of 28 for housing and 36 for the total with the maximum ratios allowed (on a case by case basis with compensating factors;.e., some other strong positive to offset the negative of the.Exclusive Listing - a written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time, but reserving the owner's right to sell the property alone without the payment of a commission.