Real Estate

What does list price means? The list price is the price at which a house is being sold for set by the seller of the […]

What does Lis Pendens mean? A Lis Pendens a.k.a pendency of action is a notice that is recorded in the public records to indicate that

What is a lien? A lien is a legal claim on someone’s asset especially when the asset was used as collateral in order to secure

What is a jumbo mortgage? A jumbo mortgage or jumbo loan is a mortgage that exceeds the limit value that can be purchased by Fannie

What is a home inspection? A home inspection is an investigation of the house that is performed by a licensed inspector. After the seller accepts

What is HVCC? The home valuation code of conduct or HVCC is a set of guidelines provided by the federal government with the aim of

What is homeowners insurance? Homeowners insurance is a combination of home insurances that protects the owner’s house and its belongings from futures damages related to

What is HELOC? A home equity line of credit a.k.a HELOC is a type of home equity loan that lets homeowners borrow money(revolving credit line)

What does float down means? Float down is an agreement between lenders and borrowers that lets borrowers lower their interest rates. What would you do

What does flipping houses means? Flipping is a term used when someone buys an asset with the intention of reselling it for a profit. Usually,