Lighter Side of Real Estate

MAY 12, 2025

Real estate agents often have just a few lines of space to squeeze in every last detail of a home, so over the years, theyve developed a whole shorthand to keep their word count down. Real Estate Owned (by a lender) HDW 3. Proof of Funds FDR 1. Central Air Conditioning REO 3.

Proof of funds 104

Proof of funds Agents Real-estate owned Renovation 104

HomeLight

AUGUST 31, 2020

You are typically required to have cash in hand (a cashier’s check and/or proof of funds) for the purchase price of the house and usually cannot get a mortgage loan for the property. At this point it is now called a bank-owned or real estate-owned (REO) property. Where HUD Homes come from.

Short sale 98

Short sale Sales Banks Inspection 98

The Close

DECEMBER 29, 2022

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). Planned unit development (PUD). Proof of funds. These funds must be liquid, not stocks or bonds. Real-estate owned (REO).

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98