Contributor | Propertylogy - Part 41

All posts by Contributor

  • All-Risks Policy

    An all risks policy is an insurance policy that protects the insured with coverage on all perils except those specifically stated as exclusions in writing.

    Homeowners...

    • Posted October 3, 2018
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  • Accretion

    Accretion refers to the addition of land to a parcel as a result of natural causes such as gradual sitting.

    This occurs most often on real...

    • Posted October 3, 2018
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  • Formula – Direct Capitalization

    Where:

    I = Net operating income

    R = Capitalization...

    • Posted October 3, 2018
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  • Trunk Title

    A trunk title is an industry slang for a title deed that has not be filed at the county record office for...

    • Posted October 2, 2018
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  • Due On Sale

    The due on sale clause is a provision contained in a mortgage contract the gives the lender the right to demand the full repayment of...

    • Posted October 2, 2018
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  • Control Premium

    The control premium refers to the amount of money paid, or has to be paid, in order for a party to gain controlling interest in...

    • Posted October 2, 2018
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  • Landlocked

    A property that has been landlocked has no access to public streets and thoroughfare except through an adjacent land lot belonging to another owner.

    Under such...

    • Posted October 2, 2018
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  • Breakdown Method

    The breakdown method is a process used during home appraisal that separate depreciation into different components, each assigned to...

    • Posted October 2, 2018
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  • Portfolio Lender

    A portfolio lender is a lender that don’t just originates loans, but also holds them as well instead of selling them on the secondary markets.

    The...

    • Posted October 1, 2018
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  • Home Equity Line Of Credit

    A home equity line of credit, HELOC in short, is a mortgage set up as a line of credit resembling an overdraft for borrowers to...

    • Posted September 30, 2018
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