Dec 31 , 2015

Tampa School of Real Estate

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 ...

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Dec 30 , 2015

Tampa School of Real Estate

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:    ...

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Dec 30 , 2015

Tampa School of Real Estate

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...

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Dec 30 , 2015

Tampa School of Real Estate

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...

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Dec 30 , 2015

Tampa School of Real Estate

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...

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Dec 30 , 2015

Tampa School of Real Estate

Assignment Of Mortgage

Definition: A legal instrument stating that the mortgagee transfers the mortgage and promissory note to the purchaser. Pronunciation: \ə-ˈsīn-mənt ...

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