Home Buyer's Vocabulary
- Topics:
- Land Acquisition
- Tags:
- Business Operations,
- Capital Structures,
- Finance,
- Home Buyer,
- Mortgages,
- Netmation,
- Real Estate,
- Terms
- Source:
- Netmation
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Overview: The article explains the definitions provided by the U.S. Department of Housing and Urban Development. That helps to clear the doubts related to real estate covering land acquisitions. Terms are defined as they are commonly understood in the mortgage and real estate industry. The definitions are intentionally general, non-technical and short. Before signing any documents or depositing any money preparatory to entering into a real estate contract, the purchaser should consult with an attorney of his choice to ensure that his rights are properly protected. Few of the terms explained in the article are acceleration clause, agreement of sale, amortization, assumption of mortgage etc.
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Format: HTML | Date: Jan 2003 | Pages: 1





