by Ethan Atkinson | Sep 22, 2026 | A-E, PropertyPedia
A cramdown in a mortgage-related bankruptcy proceeding sounds terrible, but it actually helps the borrower in most situations. In the mortgage loan business, a cramdown generally refers to a bankruptcy court reducing the amount of a secured debt that is treated as...
by Ethan Atkinson | Sep 22, 2026 | F-J, PropertyPedia
Mortgage professionals are not professional stylists, but this doesn’t mean they don’t do haircuts. In the mortgage loan business, a haircut is a reduction applied to the stated or market value of an asset when determining how much credit, financing, or collateral...
by Ethan Atkinson | Sep 11, 2026 | K-O, PropertyPedia
A mortgage in disguise definitely doesn’t sound like something you want to apply for; it sounds more like a mortgage that finds you, and not in a good way. Unfortunately, this isn’t too far off from the actual definition. A mortgage in disguise is a...
by Ethan Atkinson | Sep 11, 2026 | F-J, PropertyPedia
An interim occupancy fee is an amount paid by a buyer who is permitted to occupy a property before the purchase has formally closed or before legal title has been transferred. It is most commonly associated with newly constructed condominium units, particularly in...
by Ethan Atkinson | Sep 3, 2026 | A-E, PropertyPedia
Excess condemnation sounds like a bad thing, but it’s actually meant to benefit homeowners whose land is condemned. Excess condemnation occurs when a government or other public authority takes more private property through eminent domain than is strictly...
by Ethan Atkinson | Sep 3, 2026 | A-E, PropertyPedia
A bullet loan may sound a bit violent, but don’t worry, there’s no need to call emergency services (unless you count your stock broker as an emergency contact). A bullet loan is a type of loan in which the borrower makes relatively small payments,...
