- Industry: Real estate
- Number of terms: 2794
- Number of blossaries: 0
- Company Profile:
Coldwell Banker is a large real estate franchise founded in 1906 in San Francisco. Coldwell Banker has an international presence, with offices on six continents, 46 countries and territories. There are more than 600 Coldwell Banker offices outside of the United States.
Payment made that reduces the principal balance of a loan before the due date and before the loan has become fully amortized.
Industry:Real estate
Monthly payments fail to cover the cost of the interest on a loan, which is then added to the principal balance. As a result, a borrower could owe more than at the beginning of the loan even after making several payments.
Industry:Real estate
A subsection of a municipality that has been designated by a developer, economic forces or physical formations.
Industry:Real estate
A method of appraisal in which selling prices of similar properties are used as the basis for arriving at the value estimate (a.k.a. the Market Data Approach).
Industry:Real estate
Additional value granted by a buyer or seller to entice another party to complete a deal.
Industry:Real estate
Taxes based on the market value of a property. Property taxes vary from state to state.
Industry:Real estate
A situation where two or more parties own a piece of property together. Each of the owners has an equal share, and may not dispose of or alter that share without the consent of the other owners.
Industry:Real estate
An official court decision. If the judgment requires payment from one party to another, the court may put a lien against the payee's property as collateral.
Industry:Real estate
