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Back title letter
Back title letter A document that a title insurance company gives to an attorney specifying condition of the title.
RELATED TERMS--------------------------------------
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
SIMILAR TERMS--------------------------------------
Back fill
Soil used to solidify the foundation of a structure.
Back-end qualification
When qualifying a prospective buyer for financing, the ratio of the borrower's income to monthly debt obligation is a primary consideration.
Back-end ratio
The ratio of monthly housing costs (PITI) plus long-term debt service to total monthly income.
Back-to-back escrow
A closing that is set up so that one party can finalize the purchase of one property and the sale of another at the same time.
Backlighting
Illumination coming from a source behind or at the side of an object.
Backup offer
An offer to buy, submitted to a seller, with the understanding that the seller has already accepted a prior offer; a secondary offer.
Backwater valve
A valve in a sewer line that prevents sewage from flowing back into a house.
PREVIOUS AND NEXT TERMS--------------------------------------
Butuan property
Property in Butuan, the Philippines. Apartments, flats, houses, offices and other property in Butuan.
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Property in Buzau, Romania. Apartments, flats, houses, offices and other property in Buzau.
Bydgoszcz property
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Back fill
Soil used to solidify the foundation of a structure.
Back title letter
Back-end qualification
When qualifying a prospective buyer for financing, the ratio of the borrower's income to monthly debt obligation is a primary consideration.
Back-end ratio
The ratio of monthly housing costs (PITI) plus long-term debt service to total monthly income.
Backlighting
Illumination coming from a source behind or at the side of an object.
Back-to-back escrow
A closing that is set up so that one party can finalize the purchase of one property and the sale of another at the same time.
Backup offer
An offer to buy, submitted to a seller, with the understanding that the seller has already accepted a prior offer; a secondary offer.
This dictionary contains 6433 terms. |
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