131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
Construction loan. A short-term loan that covers the cost to build a property until the owner can secure long-term financing. This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Liens can come from unpaid mortgages, construction bills, even HOA fees. Short sale.
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