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Find a Business or PersonReal Estate Terms - F
Federal Reserve SystemA government agency, commonly referred to as the Fed, which consists of a 12 branches, and approximately 6,000 member banks. Its primary purpose is to control the supply of money. |
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Fee SimpleOwnership of real property without any limitation, so that it can be sold, left at will, or inherited. |
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FiduciaryA person in a position of trust and confidence, as between principal and broker. The broker as a fiduciary owes loyalty and other duties to the principal. |
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First MortgageA mortgage having priority over all other voluntary liens against a specific property. |
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Fixed-Rate MortgageA mortgage loan wherein the rate oi interest charged the borrower remains constant over the loan term. |
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ForeclosureProcedure in which property pledged as security for a debt is sold at public auction to pay the debt after a default in payment and terms. |
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Free and ClearSubject to no liens, especially voluntary liens |
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Front Footage(1) The linear measurement along the front of a parcel of land. (2) The portion of the parcel that fronts the street or walkway. |
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