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Interim Financing

In real estate finance, Interim Financing refers to short term, temporary financing used until permanent financing can be obtained. It is most commonly associated with construction projects, where funds are needed during the building phase. Interim financing typically...

Insured Mortgage

In real estate finance, an Insured Mortgage is a loan that is protected by insurance against loss to the lender if the borrower defaults and the property does not generate enough proceeds at foreclosure to cover the outstanding balance and related costs. This...

Interest Rate

In real estate finance, an Interest Rate is the percentage of a loan amount that is charged for the use of borrowed money over a specified period of time. It represents the cost of borrowing and is most often expressed as an annual percentage. The interest rate...

Interest-Only Loan

In real estate finance, an Interest-Only Loan is a non amortizing loan in which the borrower makes payments that cover only the interest on the loan during the term of the loan. The principal balance remains unchanged throughout the interest only period. At the end of...

Interest-Included Note

In real estate finance, an Interest-Included Note is a promissory note that requires equal periodic payments, usually made monthly. Each payment includes both principal and interest, with interest calculated on the declining principal balance. As the principal balance...

Interest-Extra Note

In real estate finance, an Interest-Extra Note is a promissory note that requires the borrower to make equal periodic payments toward principal, usually on a monthly basis, plus interest on the outstanding balance. Because the principal portion of each payment remains...

Interest

In real estate finance, Interest is the charge paid for the use of borrowed money, known as the principal. It represents the lender’s compensation for lending funds and assuming the risk of repayment. Interest is usually expressed as a percentage rate and may be...

Deepfake Real Estate

    Digital Staging in Real Estate It's only bad agents who get sued for deceptive real estate photos, right? It's easy—if you're honest and never misrepresent anything in your listing photos, how could anyone sue you? You'll be thrilled to know that there...

Don’t Get Sued for Using AI in Real Estate

There's a new thing to get sued for, and it's really expensive: the use of AI property management software. Interestingly, the end users of this software have had to pay millions in fines and settlements from antitrust litigation, while the makers of the actual...

Instrument

In real estate law, an Instrument is a written legal document that formally expresses the rights, duties, or intentions of the parties involved. Instruments are used to create, modify, transfer, or terminate legal rights or interests. Common real estate instruments...

Guaranteed Maximum Price (GMP)

Form-Based Code

Key Lot