LATEST STORIES
Trendsloppy AI
I'd rather be lied to by AI than by a human. Perhaps that's just me, but the nice thing about AI being untruthful is that you can immediately call it out, and it can't walk away. When you call out a human for being dishonest, you have to deal with their wounded ego,...
Full-Cash Offer with Zero Cash
Do the words "hard money loan," "dragnet clause," and "private lending" scare you? They should,...
Stop Real Estate Theft
Stealing real estate is so annoying because you can't just physically take it, and you can't hide...
Dry Funding
Dry funding is a method of real estate loan closing in which the borrower signs all required loan documents before the lender releases the loan proceeds. Unlike wet funding, the transaction is not completed immediately upon signing. Instead, the lender reviews the...
Wet Funding
Wet funding is a method of real estate loan closing in which all loan documents are signed, funds are disbursed, and the transaction is completed on the same day. Under this process, the lender provides the loan proceeds immediately after the borrower executes the...
Unparsed Address
An unparsed address is a real estate data field that contains a property's complete address in a single text string rather than separating its individual components into distinct fields. The unparsed address typically includes elements such as the street number,...
Bathrooms Total Integer
Bathrooms Total Integer is a real estate listing field that identifies the total number of bathrooms within a property, expressed as a whole number. This figure typically represents the sum of all full and half bathrooms rounded or reported according to the listing...
Condominium Conversion
A condominium conversion is the process of legally transforming an existing residential property, typically a rental apartment building, into individually owned condominium units. During a conversion, the property is subdivided into separate ownership interests, with...
Condominium One-Time Capital Improvement Contribution
A Condominium One-Time Capital Improvement Contribution is a nonrecurring fee assessed by a condominium association and paid by a purchaser at the time of a property transfer. The contribution is typically collected during the closing process and deposited into the...
Pervious Pavement
Pervious pavement, also known as permeable pavement, is a specialized paving system designed to allow water to pass through its surface and infiltrate into the underlying soil. Unlike conventional impervious surfaces such as asphalt and concrete, pervious pavement is...
Reliction
Reliction is a legal term in real estate that refers to the gradual and permanent exposure of land caused by the natural recession of water from a shoreline, riverbank, lake, or other body of water. As the water slowly withdraws over time, additional dry land becomes...
FAR/FSI (Floor Area Ratio/Floor Space Index)
FAR stands for Floor Area Ratio (sometimes called FSI, or Floor Space Index). This ratio tells you how much you’re allowed to build on a parcel of land; it’s a ratio that compares the total floor space in a building to the size of the plot it sits on. It’s pretty...
Deeded Parking
In a condominium, the difference between deeded parking and assigned parking is significant. A deeded parking space is primarily under the control of the unit owner, while an assigned parking space is under control of the homeowners’ association. If parking is...
HUD
HOUSING & URBAN DEVELOPMENT
HUD
(Department of Housing and Urban Development)
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