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All posts by Contributor
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Principal LimitThe principal limit is a term most often used in reverse mortgages to refer to the maximum lifetime amount a borrower can...
- Posted August 1, 2019
Affirmative LendingAffirmative lending is a practice obligation that federally chartered lenders have to abide by to attempt to do business with the community in which they...
- Posted July 31, 2019
Benefit Of The BargainThe benefit-of-the-bargain rule states that someone who has been defrauded can recover damages from losses.
These losses would be the difference between the misrepresented value of...
- Posted July 30, 2019
Security InterestA security interest is an interest in an asset a party has in which the asset serves as a collateral.
While security interest is not limited...
- Posted July 27, 2019
Accrued DepreciationAccrued depreciation is an accounting entry on the balance sheet that is mean to indicate the decrease in value of property as time goes by.
However...
- Posted July 25, 2019
Cost To CureThe cost-to-cure refers to the amount of money required to fix something about a property that has a negative impact on it’s
- Posted July 23, 2019
Correction DeedA correction deed refers to any type of deed executed to correct some type of prior defect or error made in the original.
Some of these...
- Posted July 22, 2019
Corner InfluenceCorer influence refers to the positive effect on a property’s value when it is at, or in close proximity, to the intersection point of two...
- Posted July 20, 2019
Credit Life InsuranceCredit life insurance is an insurance policy that pays a lender the full principal balance of a loan upon the death of...
- Posted July 18, 2019
Cooling-Off PeriodA cooling-off period describes a time frame in which a party may decide to change his mind about a contract that been agreed and signed...
- Posted July 17, 2019