Fannie Mae

In real estate finance, Fannie Mae is the common name for the Federal National Mortgage Association (FNMA). It is a government sponsored enterprise created to support the secondary mortgage market by purchasing mortgages from lenders. By buying and securitizing...

Fair Market Value

In real estate, Fair Market Value is the price a property is most likely to sell for on the open market after being exposed for a reasonable period of time. It assumes that both the buyer and the seller are well informed about the property and its potential uses and...

Fair Housing Law

In real estate, the Fair Housing Law refers to Title VIII of the Civil Rights Act, which prohibits discrimination in the sale, rental, or financing of residential property. The law makes it illegal to treat individuals differently based on protected characteristics...

Fair Credit Reporting Act

In real estate and lending, the Fair Credit Reporting Act is a federal law that regulates how consumer credit information is collected, used, and shared. It gives individuals the right to access their credit reports, know when their credit information has been used...

Executory Contract

In real estate, an Executory Contract is an agreement in which one or both parties still have obligations to perform. Although the contract has been formed and is legally binding, it has not yet been fully completed. Purchase agreements, leases prior to possession,...

Executor

In real estate and estate law, an Executor is a person named in a will to carry out the instructions of the deceased regarding the management and distribution of their estate. This includes handling real property, paying debts and taxes, and transferring title to...