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Refinancing Real Estate Investment
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 Refinancing Real Estate Investment and beyond!
Refinancing Real Estate Investment
Real Estate Terms of the Day for Refinancing Real Estate Investment
SETTLEMENT (OR CLOSING)
The settlement or closing is the conclusion of your real estate transaction. It includes the delivery of your security instrument, signing of your legal documents and the disbursement of the funds necessary to the sale of your home or loan transaction (refinance).
USURY
Interest charged in excess of the legal rate established by law.
REFINANCING
The process of paying off one loan with the proceeds from a new loan secured by the same property.
RAW LAND
Unimproved land; land in its unused natural state prior to the construction of improvements such as streets, lighting, sewers, and the like.
FILLED LAND
An area where the grade has been raised by depositing or dumping dirt, gravel or lava rock.
CONSTRUCTIVE EVICTION
Acts done by a landlord which so materially disturb or impair the tenant's enjoyment of the leased premises that a tenant is effectively forced to move out and terminate the lease without liability for any further rent.
ORIGINATION FEE
The finance fee charged by a lender for placing a mortgage, which covers initial costs such as preparation of documents and credit, inspection and appraisal fees.
CERTIFIED CHECK
A check which the bank guarantees to be good, and against which a stop payment is ineffective.
RIPARIAN
Those rights and obligations which are incidental to ownership of land adjacent to or abutting on watercourses such as streams and lakes.
BANKRUPTCY
A proceeding in a federal court to relieve certain debts of a person or a business unable to pay its debts.
DOUBLE ESCROW
An escrow set up to handle the concurrent sale of one property and purchase of another property by same party.
PROMISSORY NOTE
An unconditional written promise of one person to pay a certain sum of money to another, or order, or bearer, at a future specified time.
LIEN
A legal claim by one person on the property of another for security for payment of a debt.
COURTESY TO BROKERS
The practice of sharing commissions with cooperating brokers.
REVERSION
A future estate in real property created by operation of law when a grantor conveys a lesser estate than he has. The residue left in the grantor is called a reversion which commences in possession in the future upon the end of a particular estate granted or devised, whether it be freehold or less-than-freehold.
DUE ON SALE CLAUSE
A form of acceleration clause found in some mortgages, especially savings and loan mortgages, requiring the mortgagor to pay off the mortgage debt when selling the secured property, thus resulting in automatic maturity of the note at the lender's option.
DEPRECIATION (TAX)
For tax purposes, depreciation is an expense deduction taken for an investment in depreciable property.
DEALER
An IRS designation for a person who regularly buys and sells real property.
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