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Creative financing
Creative financing Structuring the financing of a real estate transaction based on the cash positions of the buyer and seller.
RELATED TERMS--------------------------------------
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
SIMILAR TERMS--------------------------------------
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Covenants that run with the land
Convenants that become part of the property rights and benefit or bind successive owners of the property.
Covenants, conditions and restrictions (CC and Rs)
Written rules and restrictions on the use of property, agreed to by a homeowners association of condominium board, that are filed with a county recorder's office and are legally enforceable.
CPI and Market Rent Escalation (in a lease)
Consumer Price Index or other basis for how additional rent will be calculated.
Craftsman style
An architectural style that evolved as part of the Arts and Craft movement near the turn of the century.
Crawl space
1) The space between the ground and the first floor, often found in homes with no basement. 2) The space found between the top floor and the roof, often found in the place of an attic.
Creative financing
Credit
An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date.
Credit averse
When a borrower has a poor credit history, has previously been declared bankrupt or has outstanding County Court Judgements, they are often described as credit averse.
Credit bureau
A company that collects and sells information about how people handle credit. It issues credit reports that list how individuals manage their debts and make payments, how much untapped credit they have available and whether they have applied for any loans.
Credit bureau score
A number representing the possibility a borrower may default; it is based upon credit history and is used to determine ability to qualify for a mortgage loan.
Credit card discounts
Visa, Mastercard, etc., have a fee they charge for handling and billing. This fee can run from 1 to 3% and is a direct expense to the operation of the motel.
This dictionary contains 6433 terms. |
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