Contributor | Propertylogy - Part 19

All posts by Contributor

  • Conditional Prepayment Rate (CPR)

    CPR = 1 – (1-SMM)12

    CPR – Conditional prepayment rate

    SMM – Single monthly mortality rate

    The conditional prepayment...

    • Posted May 27, 2019
    • 0
  • Sewer Scope Inspection

    A sewer scope is a part of home inspection where an advanced endoscope is inserted into the lateral sewer line to take...

    • Posted May 27, 2019
    • 0
  • Mortgage Rebate

    A mortgage rebate is a cash payment made to a borrower for accepting a home loan with certain terms.

    The two main reasons for lenders or...

    • Posted May 26, 2019
    • 0
  • Net Proceeds

    S – C = NP

    Where:

    S =...

    • Posted May 26, 2019
    • 0
  • Certificate Of Reasonable Value (CRV)

    The certificate of reasonable value (CRV) is a document issued by the Department of Veteran Affairs to endorse an appraised value of a property financed...

    • Posted May 25, 2019
    • 0
  • Loan Commitment Letter

    A loan commitment letter is a document originated from a lender to inform an applicant that they are offering him a loan after assessing the...

    • Posted May 25, 2019
    • 0
  • Formula – Debt Capacity

    D/E = C

    D – Debt

    E – Equity

    C...

    • Posted May 24, 2019
    • 0
  • Fair Market Value (FMV)

    The fair market value (FMV) of a property is the estimated price a buyer and seller, who are both under no pressure to buy or...

    • Posted May 24, 2019
    • 0
  • Abeyance

    Abeyance refers to the suspension of title to property while clarity on the proper legal can be determined.

    This is a banking term that is used...

    • Posted May 23, 2019
    • 0
  • The Various Scenarios Of Loss Mitigation

    Loss mitigation is the term used by lenders to describe the process of working with delinquent borrowers to find a solution to...

    • Posted May 23, 2019
    • 0