golfandhome.co

Website:https://www.golfandhome.com/
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Definitions (417)

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prime rate


The interest rate that banks and other lending institutions charge other banks or preferred customers.
Source: golfandhome.co

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common areas


Any areas, such as entryways, foyers, pools, recreational facilities or the like, which are shared by the tenets or owners of property near by. Commonly found in condominium, PUD or office spaces.
Source: golfandhome.co

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contiguous


Connected to or touching along an unbroken boundary.
Source: golfandhome.co

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deed-in-lieu


A document given by a borrower to a lender, transferring title of the property. Often used to avoid credit-damaging foreclosure procedures.
Source: golfandhome.co

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height zoning


A municipal restriction on the maximum height of any building or other structure.
Source: golfandhome.co

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ridge board


The structural member of a roof where the rafters join at the top.
Source: golfandhome.co

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transfer of ownership


Any means by which the ownership of a property changes hands.
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a b c d e f g h i j k l m n o p q r s t u v w x y zabsorption rate


The ratio of the number of properties in an area that have been sold against the number available. Used to show the volatility of a market.
Source: golfandhome.co

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abstraction method


This method of estimating the value of property uses similar properties available in the same market to extract the value of a parcel of land.
Source: golfandhome.co

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acceleration clause


A provision in a mortgage that gives the lender the right to demand immediate payment of the outstanding loan balance under certain circumstances. Usually when the borrower defaults on the loan.
Source: golfandhome.co


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