131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. A PUD is a grouping of residential buildings. In real estate, the principal could also refer to a party (the buyer or seller) who has authorized an agent to act on his or her behalf. Real-estate owned (REO).
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