131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
This works in your client’s favor if they are collecting on investments, but against them when applied to debt. A short-term loan that covers the cost to build a property until the owner can secure long-term financing. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Contingency.
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