Real Estate

Disclosure is the release of all applicable information that could influence the buyer’s decision about a property. It is unethical for home sellers and their […]

The Federal Housing Administration (FHA) loan is a mortgage provided by lenders who are approved by the Federal Housing Administration. This loan is different from

The homeowner association fee or HOA fee is the monthly money paid by property owners in the association. The association uses the money for maintenance

The homeowner association is an association that owns, controls, and makes rules on planned settlements such as condominiums, town-homes, etc. These associations specialize in multi-family

The fair market value of an asset is the price an asset would be sold for if it is in an open market. There are

The market value is the price a buyer is willing to give on an asset in an open market. Market value does fluctuate over time

Encroachment is a term used when one party builds or adds an extension to a property in a way that violates their neighbors’ rights. These

The earnest money is a deposit made by the buyer to show their commitment to buy the property. This deposit can be considered as a

Discount points or mortgage points are fees borrowers pay directly to their lenders at the closing time for reduced interest rates. The discount points help

Default is a term used when the borrower fails to pay off the mortgage, interests, and applicable charges. The term can be applied when the