Dictionary

Definition: Failure to do or perform what has been promised. Pronunciation: \ˈbrēch\ Used in a Sentence:   By signing a contract for sale in the name of the buyer without the buyer’s permission or ...

Definition: A business location other than the primary place of business. Pronunciation: \ˈbranch\ Used in a Sentence: We decided to meet at the branch office because it was closer.

Definition: One who gives a mortgage as security for a debt; the mortgagor.  Also called a debtor Pronunciation: \ˈbär-(ˌ)ō-ə-wər\ Used in a Sentence:  The borrower signed the note as promise to re...

Definition: Money or other property that is not like-kind, which is given to make up any difference in value or equity between exchanged properties. Pronunciation: \ˈbüt\ Used in a Sentence:  Becau...

Bona Fide Definition: Made in good faith without fraud or deceit. Pronunciation: \ˈbō-nə-ˌfīd, ˈbä-; ˌbō-nə-ˈfī-dē, -ˈfī-də\ Usage in a Sentence: The buyer made a bona fide offer on the property. B...

Definition: Profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of depressed property values because of threatened minority encroachment and then resell...

Definition: An advertisement that provides only a telephone number, a PO box, and/or an address without the licensed name of the brokerage firm. Pronunciation: \ˈblīnd\\ˌad-vər-ˈtīz-mənt; əd-ˈvər-t...

Definition: One debt instrument covering two or more parcels. Pronunciation: \ˈblaŋ-kət\\ˈmȯr-gij\ Used in a Sentence:   The buyer took out a blanket mortgage to pay for the two adjoining parcels ...

Definition: A mortgage loan amortized the same way as other loans with monthly payments, except that the borrower makes a payment every two weeks. Pronunciation: Used in a Sentence: By having a bi-...