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Chat Estate Investment Real
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
If you would like to invest in real estate you have come to the right place. Our company, Easy Property Solutions LLC buys foreclosure homes in Hampton Roads, Virginia at deep discounts. We buy properties at 50-75% of their market value. If you have money to invest on a short to mid-term basis, you can and will make double digit gains on your investment. We are looking for investors to put up cash for the homes we purchase. We create a note for the money, and secure it buy a Deed of Trust (lien) on the property. We hold properties from anywhere from 1-6 months. Please call Shaun O'Toole at 757-724-1428 for more info. Real Estate Solutions for Chat Estate Investment Real and beyond!
Chat Estate Investment Real
Real Estate Terms of the Day for Chat Estate Investment Real
PREPAYMENT PENALTY
The amount set by the creditor as a penalty to the debtor for paying off the debt prior to its maturity. The prepayment penalty is charged by the lender to recoup a portion of interest that he had planned to earn when he made the loan.
NEGATIVE AMORTIZATION
A loan payment schedule in which the outstanding principal balance of a loan goes up rather than down because the payments do not cover the full amount of interest due. The monthly shortfall in payment is added to the unpaid principal balance of the loan.
SUBORDINATION AGREEMENT
An agreement whereby a prior mortgagee agrees to subordinate or give up their priority position to an existing or anticipated future lien.
RENTAL AGREEMENT
An agreement, written or oral, which establishes or modifies the terms, conditions, rules, regulations, or any other provisions concerning the use and occupancy of a dwelling unit and premises; a lease on residential property.
INTEREST RATE
The annual rate of interest on the loan, expressed as a percentage of 100.
DEPOSIT
Money offered by a prospective buyer as an indication of good faith in entering into a contract to purchase; earnest money; security for the buyer's performance of a contract.
MULTIPLE LISTING SERVICE (MLS)
An organization created by Realtors to facilitate the sharing of listings among member brokers.
NEGATIVE AMORTIZATION
A loan payment schedule in which the outstanding principal balance of a loan goes up rather than down because the payments do not cover the full amount of interest due. The monthly shortfall in payment is added to the unpaid principal balance of the loan.
ORIGINATION FEE
Fee charged by a lender to cover administrative costs of processing a loan.
RIGHT TO RESCISSION
Under the provisions of the Truth-in-Lending Act, the borrower's right, on certain kinds of loans, to cancel the loan within three days of signing a mortgage.
INVERSE CONDEMNATION
An action for "just compensation "brought by one whose property has been effectively "taken" or substantially interfered with or taken without just compensation
BLANKET MORTGAGE
A mortgage which is secured by several structures or a number of lots. A blanket mortgage is often used to finance proposed subdivisions or development projects, especially cooperatives.
LIEN
A legal claim by one person on the property of another for security for payment of a debt.
OVERRIDE
A commission paid to managerial personnel (e.g. principal broker) on sales made by their subordinates, usually calculated as a percentage of the gross sales commissions earned by the salesperson.
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