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Glossary of Real Estate Industry Terms » Mortgage Masters Group

1 Hour Real Estate Exam Crash Course with Irene A mortgage covering at least two pieces of real estate as security for the same mortgage. This provides greater security for the Lender. It may be possible to get a "partial" release so the Borrower can sell one of the properties provided a suitable principal reduction is made.

Get definitions for real estate listing terms, mortgage types, and other. Active: This means that a property is currently on the market and.

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What the Heck Is PMI? Mortgage Masters Group Mortgage Masters of Indiana, Inc. is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements.

. or in response to a qualified written request under the Real Estate Settlement Procedures Act (RESPA). It. transaction codes widely used in the mortgage servicing industry. TERM. loan is placed in default status or upon loan modification. corporate advance. corp adv. Expense Advance;. Corporate.. Master Servicer.

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In a world plagued by scandals and bad intentions, it would be nice to think that good intentions always. and residential real estate. The result was a behemoth, jack-of-all-trades company, but.

The traditional kind of listing agreement under which the property owner appoints a real estate broker (known as the listing broker) as exclusive agent to sell the property on the owner’s stated terms, and agrees to pay the listing broker a commission when the property is sold, regardless of whether the buyer is found by the broker, the owner or another broker.

The CoStar Five Star Building Rating System is the industry’s first nationally consistent building quality rating system that can be applied across all commercial real estate property types and.

In the real estate industry, a Broker is a real estate broker has to be licensed by the State. A real estate broker either oversees a group of agents working with him/her, or can act as a Real Estate Agent working direct with the public: Cloud on Title: A condition revealed in a title search that negatively affects the title to the real estate.

Meanwhile, over the past two years, she has been backing away from real estate. a master’s degree in statistics and operations research from New York University. He was hired from that program to.

Tax Forgiveness on that 1099 Taxpayers in the United States may have tax consequences when debt is cancelled. This is commonly known as COD (Cancellation of Debt) Income.According to the Internal Revenue Code, the discharge of indebtedness must be included in a taxpayer’s gross income. There are exceptions to this rule, however, so a careful examination of one’s COD income is important to determine any potential tax.