Dictionary
Buydown
Definition:Â A financing method in which points are paid by the seller or developer that lowers (buys down) the effective interest rate paid by the buyer/borrower, therefore reducing the amount of...
Buydown
Definition:Â A financing method in which points are paid by the seller or developer that lowers (buys down) the effective interest rate paid by the buyer/borrower, therefore reducing the amount of...
Attorney-in-fact
Definition: One who is authorized to perform specific acts for another under a power of attorney. Pronunciation: \ə-ˈtər-nē Used in a Sentence:  The buyer had an attorney-at-fact sign her loan papers...
Attorney-in-fact
Definition: One who is authorized to perform specific acts for another under a power of attorney. Pronunciation: \ə-ˈtər-nē Used in a Sentence:  The buyer had an attorney-at-fact sign her loan papers...
Attachment
Definition: A seizure by legal process to prevent removal of property that is expected to be used to satisfy a judgement. Pronunciation: \ə-ˈtach-mənt Used in a Sentence:  An attachment was issued to...
Attachment
Definition: A seizure by legal process to prevent removal of property that is expected to be used to satisfy a judgement. Pronunciation: \ə-ˈtach-mənt Used in a Sentence:  An attachment was issued to...
At Arms Length
Definition: Handling negotiations on one’s own behalf without being subject to the other party’s control or influence. Pronunciation: Used in a Sentence: Due to the mistrust on the part of the...
At Arms Length
Definition: Handling negotiations on one’s own behalf without being subject to the other party’s control or influence. Pronunciation: Used in a Sentence: Due to the mistrust on the part of the...
Assumption
Definition: The taking over of another’s debts. Pronunciation: \ə-ˈsəm(p)-shən Used in a Sentence:  With the assumption of the mortgage, the buyer was obligated for the  debt.
Assumption
Definition: The taking over of another’s debts. Pronunciation: \ə-ˈsəm(p)-shən Used in a Sentence:  With the assumption of the mortgage, the buyer was obligated for the  debt.
Assignment Of Mortgage
Definition: A legal instrument stating that the mortgagee transfers the mortgage and promissory note to the purchaser. Pronunciation: \ə-ˈsīn-mənt  \ˈmȯr-gij Used in a Sentence:  The assignment of mortgage transferred the property from...
Assignment Of Mortgage
Definition: A legal instrument stating that the mortgagee transfers the mortgage and promissory note to the purchaser. Pronunciation: \ə-ˈsīn-mənt  \ˈmȯr-gij Used in a Sentence:  The assignment of mortgage transferred the property from...