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Investment Real Estate In Toronto
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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 Investment Real Estate In Toronto and beyond!
Investment Real Estate In Toronto
Real Estate Terms of the Day for Investment Real Estate In Toronto
COMPARABLES
Recently sold properties which are similar to a particular property being evaluated, and which are used to indicate a reasonable fair market value for the subject property.
PRORATE
To divide or distribute proportionately.
INSPECTION
A visit to and review of the premises. A prudent purchaser of property always inspects the premises before closing.
CONTRACT
A legal agreement between competent parties who agree to perform or refrain from performing certain acts for a consideration. In real estate, there are many different types of contracts, including listings, contracts of sale, options, mortgages, assignments, leases, deeds, escrow agreements, and loan commitments, among others.
BILATERAL CONTRACT
A contract in which each party promises to perform an act in exchange for the other party's promise to perform.
CO-TENANCY
A form of concurrent property ownership in which two or more persons own an undivided interest in the same property.
WAREHOUSING
A term used in financing to describe the process which loan correspondents employ, assembling into one package a number of mortgage loans which the correspondent has originated and selling them in the secondary mortgage market.
CAPS (PAYMENT)
Consumer safeguards which limit the amount monthly payments on an adjustable-rate mortgage may change. Since they do not limit the amount of interest the lender is earning, these consumer safeguards may cause negative amortization.
SWEAT EQUITY
Value added to a property in the form of labor or services of the owner rather than cash.
AGREEMENT OF SALE
Contract signed by buyer and seller stating the terms and conditions under which a property will be sold.
PRINCIPAL BROKER
The licensed broker directly in charge of and responsible for the real estate operations conducted by a brokerage company.
CERTIFICATE OF VETERAN STATUS
FHA form filled out by the VA to establish a borrower's eligibility for an FHA Vet loan. Obtainable through local VA office by submitting form DD 214 (Separation Paper) with form 26-8261a (request for certificate of veteran status).
CODE OF ETHICS
A written system of standards of ethical conduct. The Code of Ethics of the National Association of Realtors, first written in 1913, establishes the high standards of conduct for members of the Realtor community.
LOAN-TO-VALUE RATIO (LTV)
The percentage of the loan amount to the appraised value (or the sales price, whichever is less) of the property.
ERRORS AND OMISSIONS INSURANCE
A form of insurance which covers liabilities for errors, mistakes and negligence in the usual listing and selling activities of a real estate office or escrow company.
LESSEE
The person to whom property is rented or leased; called a "tenant" in most residential leases.
MORTGAGE BROKER
An individual or company that arranges financing for borrowers.
REAL ESTATE
The physical land and appurtenances, including any structures; for all practical purposes synonymous with real property.
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