Bad Buying Credit Home
Bad Buying Credit Home
Bad Buying Credit Home

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Real Estate Terms of the Day for Bad Buying Credit Home



ALLODIAL SYSTEM
The free ownership of land by individuals.

HUD-1 UNIFORM SETTLEMENT STATEMENT
A standard form which itemizes the closing costs associated with purchasing a home or refinancing a loan.

POINT OF BEGINNING
The starting point in a metes and bounds description of property, which is usually a street intersection or a specific monument.

WAIVER
Voluntary relinquishment or surrender of some right or privilege.

FNMA
See Federal National Mortgage Association.

FORBEARANCE
The act by the lender of refraining from taking legal action on a mortgage loan that is delinquent.

YEAR-TO-YEAR TENANCY
A periodic tenancy in which the rent is reserved from year to year.

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