Remove Development Remove Due diligence Remove Earnest money deposit Remove Real-estate owned
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

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. Due diligence period. What if your clients are asking about their due diligence period? Earnest money deposit. Real-estate owned (REO).