LATEST STORIES
Dual Agency is Not What You Think
Do you think that dual agency has a clear and consistent definition, and do you believe the myth that dual agency is illegal in some states? If so, then you might not entirely understand how it works. I say this as someone who used to think I knew what dual agency...
Mortgage
In real estate finance, a mortgage is the legal instrument by which real property is pledged, or...
Month-to-month Tenancy
In real estate, a month-to-month tenancy is a rental arrangement in which the tenant occupies the...
Hard Pull (on credit)
A “hard pull” (also called a hard inquiry) on a credit report occurs when a lender reviews a borrower’s credit history as part of a formal application for credit, such as a mortgage loan. In the mortgage context, the lender obtains the borrower’s credit report from...
Patent
In real estate law, a patent is the original conveyance of title to land from the government to a private individual or entity. It represents the first transfer of ownership from public to private hands. A land patent establishes the foundation of title for property...
Blended Interest Rate
A blended interest rate is the weighted average rate applied when a borrower has multiple loans or financing components secured by the same property. It reflects the combined cost of borrowing across different interest rates, loan balances, and terms. The calculation...
Transactional Funding
Transactional funding is a form of short-term financing used primarily in real estate wholesaling and investment transactions to facilitate back-to-back closings. It provides the investor with temporary capital to purchase a property, often for a very brief period...
Mini-Perm Loan
A mini-perm loan is a medium-term financing instrument used to bridge the gap between short-term construction or acquisition financing and long-term permanent financing. Typically lasting between three and ten years, a mini-perm loan allows a property owner or...
ARV (After-Repair Value)
After-repair value (ARV) is a real estate valuation concept used to estimate the market value of a property after planned renovations, repairs, or improvements have been completed. It is commonly applied in investment contexts, particularly with properties that are...
Insurable Value
In real estate and insurance, Insurable Value refers to the amount for which a property is insured against loss or damage. It typically includes the value of the improvements, such as buildings and structures, but excludes the value of the land and other components...
Cross-Collateral Loan
Cross-collateral loans are primarily used in commercial real estate, but are growing in popularity in residential real estate. Cross-collateral loans in residential real estate are a financing strategy that allows a homeowner to use more than one property as security...
Conveyancing
Conveyancing is the legal and administrative process of transferring ownership of real property from one party to another. It begins once a purchase agreement is signed and continues through to the final closing, involving tasks such as verifying the property’s title,...
Zoning
In real estate and land use regulation, zoning is the division of a city or county into designated areas or districts by legislative action. These regulations specify the types of uses that are permitted for real property within each area. Zoning ordinances typically...
HUD
HOUSING & URBAN DEVELOPMENT
HUD
(Department of Housing and Urban Development)
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