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Texas Real Estate Investment
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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 Texas Real Estate Investment and beyond!
Texas Real Estate Investment
Real Estate Terms of the Day for Texas Real Estate Investment
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.
REAL ESTATE The physical land and appurtenances, including any structures; for all practical purposes synonymous with real property.
FORECLOSURE A legal procedure whereby property used as security for debt is sold to satisfy the debt in the event of default in payment of the mortgage note or default of other terms in the mortgage document.
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.
AFFIDAVIT A sworn statement reduced to writing and made under oath before a Notary Public or other official authorized by law to administer an oath.
BEQUEST A gift of personal property by will.
DURESS Unlawful constraint or action exercised upon a person whereby he is forced to perform some act against his will. A contract entered into under duress is void.
LOAN APPLICATION FEE Fee charged by a lender to cover the initial costs of processing a loan application. The fee may include the cost of obtaining a property appraisal, a credit report, and a lock-in fee or other closing costs incurred during the process or the fee may be in addition to these charges.
LIQUIDITY The ability to sell an asset and convert it into cash at a price close to its true value.
BUFFER ZONE A strip of land separating one parcel from another.
TITLE COMPANY A company that insures title to property.
WARRANTY A guaranty by the seller, covering the title as well as the physical condition of the property.
EXTENSION An agreement to continue the period of performance beyond the specified period.
FIRST REFUSAL, RIGHT OF The right of a person to have the first opportunity either to purchase or lease real property.
POWER OF ATTORNEY A written instrument authorizing a person(the attorney-in-fact) to act as the agent on behalf of another to the extent indicated in the instrument.
SWEAT EQUITY Value added to a property in the form of labor or services of the owner rather than cash.
CLIENT TRUST ACCOUNT An account set up by a broker to keep client's monies segregated from the broker's general funds.
VARIANCE Permission obtained from governmental zoning authorities to build a structure or conduct a use which is expressly prohibited by the current zoning laws; an exception from the zoning laws.
MECHANIC'S LIEN A statutory lien created in favor of materialmen and mechanics to secure payment for materials supplied and services rendered in the improvement, repair or maintenance of real property.
ACCRETION The gradual and imperceptible addition to land by alluvial deposits of soil through natural causes, such as shoreline movement caused by streams or rivers.
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