Glossary of Real Estate Industry Terms » Mortgage Masters Group

The Glossary of Real Estate Industry Terms is a publication of the National Association of Hispanic Real Estate Professionals. In a recent NAHREP survey, top producing Latino agents and loan officers indicated that 40 percent of their transactions make use of Spanish at some point in the transaction and as much as 25 percent of all transactions utilize Spanish exclusively as the means of communication.

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Markets in which mortgages or mortgage-backed securities are bought and sold. ‘Whole Loan’ Markets Versus Securities Markets: Secondary mortgage markets are of two general types. ‘Whole loan’ markets involve the sale of mortgages themselves, sometimes on a loan-by-loan basis but more often in blocks.

we received payment in full on our $189.7 million Schlitterbahn mortgage note. This payoff was facilitated by Cedar Fair’s purchase of 2 of Schlitterbahn Group’s Texas water parks for $261 million,

The new master lease carries an initial term of 15 years, with two five-year renewal options and CPI-based rent escalators, while the three standalone leases that were consolidated and eliminated had.

Selling Tips for your Miami Beach Real Estate The concept of having agents compete for your business and providing full real estate services is long overdue. I interviewed three very experienced, professional agents. I would use them not only as a seller but as a buyer too.

Use this glossary of mortgage terms to better understand the overall mortgage process as well as any specific mortgage terms that may be unfamiliar to you. A Abstract of title [skip to next word] A written history of all the transactions related to the title for a specific tract of land.

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In mortgage and real estate terms, this is called the “earnest money deposit.” Depreciation – In real estate and mortgage terms, the decline in the property value. Discount – Difference between the face amount of a note or mortgage and the price at which the instrument is sold in the secondary market.

U.S. trade organization for real estate agents that was founded in 1908 and today has about 1.3 million members, including residential and commercial real estate agents, brokers, property managers and appraisers. Realtors are real estate agents who are members of NAR and subscribe to a code of ethics.

Establishing connections with complementary businesses– real estate industry vendors with whom you don’t directly. For example, when developing a new property, I rely heavily on a master architect.

Real Estate Vocabulary Trust RE/MAX and our team of real estate agents to help you find homes for sale or to sell your current home. See the newest real estate listings at RE/MAX.