131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
Construction loan. These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Liens can come from unpaid mortgages, construction bills, even HOA fees. Planned unit development (PUD). Real-estate owned (REO).
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