Remove Development Remove Earnest money deposit Remove Proof of funds 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. Cost of funds index (COFI). Earnest money deposit. Planned unit development (PUD). Proof of funds. Real-estate owned (REO).