Buying Forclosed Home
Buying Forclosed Home
Buying Forclosed Home

Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com



Real Estate Terms of the Day for Buying Forclosed Home



IMPUTED INTEREST
Interest implied by the federal tax law.

LIMITED COMMON ELEMENTS
That special class of common elements in a condominium reserved for the use of a certain apartment(s) to the exclusion of other apartments.

INCOME PROPERTY
Property purchased primarily for the income to be derived plus certain tax benefits, such as accelerated depreciation. Income property can be commercial, industrial or residential.

CONDOMINIUM
A form of property ownership in which the homeowner holds title to an individual dwelling unit and a proportionate interest in common areas and facilities of a multi-unit project.

BANKRUPTCY
A proceeding in a federal court to relieve certain debts of a person or a business unable to pay its debts.

LAND DESCRIPTION
A description of a particular piece of real property.

BUDGET MORTGAGE
A mortgage with payments set up to cover more than interest and principal reductions.

Copyright © 2004-2005   |    www.WeWillBuyYourHouseFast.com   |  Privacy Policy