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Real Estate Terms - I

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Impound Account

A trust account held for the purpose of paying taxes, insurance, and other periodic expenses incurred with real property.

 

Fri Dec 21 2007

Improved Real Estate

Land that has been built upon

 

Fri Dec 21 2007

Improvements

Buildings, roads, and utilities that have been added to raw (unimproved) land.

 

Fri Dec 21 2007

Inflation

An increase in the supply of money, causing prices to rise.

 

Fri Dec 21 2007

Installment Note

A note that provides for regular monthly payments to be made on the date specified in the instrument.

 

Fri Dec 21 2007

Installment Sale

Sale a property in which the seller accepts a note for part or all of the price.

 

Fri Dec 21 2007

Institutional Lenders

Banks, savings and loan associations, or other businesses that make loans to the public during their ordinary course of business, as opposed to individuals who fund loans.

 

Fri Dec 21 2007

Intangible Value

The value of the goodwill or well-advertised name of an established business.

 

Fri Dec 21 2007

Interest

(1) Money charged for the use of money(principal). (2) A share or right in some property.

 

Fri Dec 21 2007

Interest Rote Caps

Limits in the amount of increases in the interest rate itself. Caps come in two varieties: they can limit the amount of increase in rate of interest charged from one adjustment period to the next; or they can limit the amount of increase over the life of the loan.

 

Fri Dec 21 2007


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