Selling & Buying A Home/Real Estate Terms/Real Estate Terms - P

Real Estate Terms - P

An instrument authorizing a person to act as the agent of the person granting the power.

Listing Last Modified: Sat Dec 22 2007

The report of condition of the title before a sale or loan transaction. Once it is Completed, a title insurance policy is issued.

Listing Last Modified: Sat Dec 22 2007

A penalty within a note, mortgage, or trust deed imposing a penalty if the debt is paid in full before the end of its term.

Listing Last Modified: Sat Dec 22 2007

The interest rate charged by an institutional lender to its best customers.

Listing Last Modified: Sat Dec 22 2007

(1) The amount of debt or investment, not including interest. (2) The employer of an agent.

Listing Last Modified: Sat Dec 22 2007

Insurance on a portion of the first mortgage allowing the lender to offer more lenient terms to a borrower.

Listing Last Modified: Sat Dec 22 2007

Principle that the worth of an inferior property will tend to approach that of more expensive properties surrounding it.

Listing Last Modified: Sat Dec 22 2007

Division of taxes equally or proportionately to time of use.

Listing Last Modified: Sat Dec 22 2007