Due-on-sale
Clause in a note or mortgage giving the lender the right to call the entire loan balance due if the ...
Deed of trust
Document resembling a mortgage that conveys legal title to a neutral third party as security for a debt. Also called ...
Contingency
A provision in a contract that keeps it from becoming binding until a certain event happens. A satisfactory inspection report ...
Commingle funds
Mixing of a clients' funds, or escrow, with an agent's personal funds in an account; considered to be grounds for ...
Email Alert! Members Can Schedule Matrix Auto Email on a Weekly Basis
(MRIS, Dec. 17, 2007)--In case you missed your special MRIS Product Update and the message in last week's MRIS Weekly ...
Nine Things Consumers Won’t Care About in the New Year
RISMEDIA, Dec. 29, 2007-The first quarter of any new year can be final jeopardy for many new ideas. It's a ...
Reverse Mortgage Sales Abuses Targeting Seniors
RISMEDIA, Dec. 13, 2007-Yesterday, the Senate Subcommittee on Aging heard testimony and considered evidence that details unlawful sales practices targeting ...
CC&Rs
Stands for covenants, conditions and restrictions. They are the rules by which a property owner in a condominium agrees to ...
Caveat emptor
Latin for "Let the buyer beware." Under this legal phrase, the buyer is expected to judge and evaluate property carefully ...
Cancellation clause
Stipulation in a contract that allows a buyer or seller to cancel the contract in the event of a certain ...
4 Hidden Costs of Homeownership Clients Should Understand
As your client’s guide to the process leading to homeownership, it’s your responsibility to make sure they know what they’re getting into from a financial perspective. Read more.
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