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FSBO (for sale by owner)
FSBO (for sale by owner) A home that is being sold by the owner of the property without the representation of a broker.
RELATED TERMS--------------------------------------
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Broker
A person who acts as an intermediary between two or more parties in connection with a transaction for a fee or commission.
SIMILAR TERMS--------------------------------------
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Frontage
The portion of property that borders a roadway or body of water.
Front-end qualification
When qualifying a prospective buyer for financing, the ratio of the borrower's income to monthly debt obligation is a primary consideration.
Front-end ratio
The ratio of monthly housing cost (PITI) to gross monthly income.
Front-end zero
Under a conventional loan, a borrower may elect to finance all of the mortgage insurance premium, thus incurring no cash obligation for this charge at closing.
Fructus industriales
Corn, wheat and other crops that are produced annually by labor and industry, and not spontaneously. They are referred to in Latin as "fructus industriales."
FSBO (for sale by owner)
FSLIC
Federal Savings and Loan Insurance Corp, a federal institution that insures deposits of federally chartered savings and loan associations.
Full disclosure
Revealing all known facts which may affect the decision of a buyer or tenant.
Full market value
In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value.
Full recourse
A loan on which an endorser or guarantor is liable in the event of default by the borrower
Full status
A full-status mortgage is available to those who have been successfully credit checked.
This dictionary contains 6433 terms. |
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