Buydown
Definition: A financing method in which points are paid by the seller or developer that lowers (buys down) the effective interest rate paid by the ...
Dec 30 , 2015
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: ...
Dec 30 , 2015
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-m...
Dec 30 , 2015
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 Sen...
Dec 30 , 2015
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...
Dec 30 , 2015
Assignment Of Mortgage
Definition: A legal instrument stating that the mortgagee transfers the mortgage and promissory note to the purchaser. Pronunciation: \ə-ˈsīn-mənt ...