An in-depth exploration of Mortgage REITs, entities that provide financing for income-producing real estate by purchasing or originating mortgages.
An official statement provided by a lender indicating that a mortgage loan has been fully repaid.
A mortgage servicer is an entity responsible for collecting monthly mortgage payments, managing escrow accounts, and handling other administrative tasks related to a mortgage loan.
An in-depth exploration of mortgage stress, its causes, implications, and strategies to manage financial pressure from high mortgage repayments relative to income.
Understanding the process, importance, and details of transferring a mortgage from a seller to a buyer.
Debt obligations that represent a claim on the cash flow from a pool of mortgage loans. Learn about their history, types, significance, and more.
A detailed explanation of Mortgage-backed Securities (MBS), a type of asset-backed security secured by a collection of mortgages, including its definition, types, applications, and historical context.
A comprehensive guide on the mortgagee clause, its historical context, types, key events, importance, applicability, examples, related terms, comparisons, and more.
Comprehensive overview of motels, including historical context, types, key events, detailed explanations, importance, and real-world examples.
Understanding Multi-Family Housing: Definition, Types, Examples, Benefits and Considerations
A detailed explanation of multifamily structures, including their types, examples, historical context, and applications.
An in-depth examination of Mutual Housing Associations, their history, types, and impact on affordable housing.
NAR (National Association of REALTORS®) is the largest trade association in the United States, committed to representing professionals in the real estate industry.
Detailing the concept of 'Neighboring' as it pertains to proximity, its applications in various fields, and its implications.
Net Effective Rent is the amount of rent a tenant effectively pays after factoring in concessions such as free rent periods or tenant improvement allowances.
An in-depth exploration of the Net Income Multiplier (NIM), a valuation tool that uses net income for assessing investment properties.
A detailed exploration of the net investment in a lease, including its definition, components, importance, and related accounting standards.
Net Leasable Area (NLA) represents the actual rentable space within a property, excluding structural elements like walls and columns.
An in-depth exploration of Net Leaseable Area (NLA), its significance in real estate, and its detailed explanations and applications.
Net Profit Interest refers to the entitlement of an individual or entity to receive a part of the net profits generated from a property, frequently observed in the oil and gas industry.
An in-depth exploration of net rent, its historical context, types, importance, examples, and related terms.
An in-depth look at Net Usable Area (NUA), the portion of a building that is actually usable for its intended purpose, with historical context, key events, formulas, examples, and more.
The National Flood Insurance Program (NFIP) is a government-backed initiative that aims to reduce the impact of flooding by providing insurance coverage to property owners in high-risk and participating communities.
Understanding 'No Right of Survivorship' in property ownership, where the deceased's share passes according to their will or state law.
Understanding Net Operating Income (NOI), its importance in real estate, calculation methods, and practical applications.
A comprehensive exploration of non-cancelable leases, including their types, historical context, importance in finance, relevant formulas, examples, and frequently asked questions.
Non-Judicial Foreclosure is a foreclosure process that does not require court approval and is more prevalent in Title-Theory States. This entry covers its definition, processes, types, applicability, and related terms.
An in-depth look at non-primary residences, their types, examples, and implications in real estate, taxes, and regulations.
Non-Qualified Mortgages (Non-QM) offer flexible loan terms for borrowers who do not meet Qualified Mortgage criteria, featuring higher DTI ratios and interest-only periods. These loans are evaluated on a case-by-case basis.
Understand the difference between Nonconforming Use and Variance in the context of zoning laws, including historical context, key differences, examples, and more.
A comprehensive look at normal obsolescence, the loss of value of an asset that can be anticipated through wear and tear or the passage of time, along with its implications, examples, and related terms.
Obsolescence refers to the loss of value of an asset over time due to various factors including technological advancements, market changes, and wear and tear. It is a critical concept in economics, finance, real estate, and several other domains.
A comprehensive exploration of occupancy, its definition, types, measurement, and relevance in various fields such as real estate, hospitality, and economics.
A comprehensive look into pre- and post-closing occupancy arrangements, covering historical context, types, key events, and detailed explanations.
Comprehensive Definition and Insights on Office Space, Its Types, Importance, and Usage in Modern Business Environments
The Office of Interstate Land Sales Registration (OILSR) within the U.S. Department of Housing and Urban Development (HUD) is tasked with the enforcement of the Interstate Land Sales Full Disclosure Act. This ensures transparency and protection for consumers in land purchases.
Open Market Value (OMV) is a financial term used to describe the estimated amount for which a property or asset would be exchanged on the date of valuation between a willing buyer and seller in an arm's length transaction after proper marketing.
A non-refundable fee paid by the tenant in a lease option or lease-purchase agreement for the right to purchase the property in the future.
A comprehensive guide to understanding an option to lease, including its historical context, types, key events, explanations, mathematical models, and practical applications.
The 'Option to Renew' is a contractual clause allowing one party to extend the duration of the agreement under specified conditions.
Ordinary repair refers to routine maintenance activities that aim to keep the property in good condition without significantly increasing its value. These are regular upkeep actions necessary to preserve the fully functional status of a property.
Comprehensive overview of 'Ouster,' highlighting its legal definition, types, implications, and historical context.
An in-depth look into what it means for something to be overpriced, including historical context, types, key events, mathematical models, and more.
An in-depth exploration of Overriding Royalty Interest, a perspective interest carved out of the lessee’s interest in the oil and gas industry, generally free from production costs.
An in-depth examination of Overriding Royalty Interest (ORRI), its definition, types, applications, and historical context within the oil and gas industry.
Properties that the owner uses as their primary residence, distinguishing them from investment properties.
An in-depth look at owner-occupied housing, its types, historical context, importance, and more.
Ownership entails the exclusive rights to use, control, and transfer an asset. This concept involves legal regulations, various types of ownership, and the balance between private and public rights.
Panelized Housing involves the on-site assembly of prefabricated wall panels, offering a flexible alternative to module-based construction found in modular homes.
A comprehensive article on Panhandle Lots, detailing their definition, historical context, types, key events, detailed explanations, and more.
The act of releasing part of the property from the mortgage lien under agreed conditions.
A comprehensive look at party walls, including historical context, types, key events, importance, legal considerations, and related terms.
A comprehensive exploration of Pass-Through Expenses in lease agreements, detailing types, significance, examples, and considerations.
Pending Home Sales represent agreements in real estate transactions that have been signed but not yet finalized. This article delves into the concept, providing historical context, types, key events, and more.
The Pending Home Sales Index (PHSI) is an important economic indicator reflecting housing market conditions. It measures home sales that are under contract but not yet closed, giving insights into future real estate market activity.
A detailed exploration of performance bonds, their types, applications, and significance in various sectors.
A detailed explanation of Periodic Tenancy, a rental agreement that continues for successive periods until terminated by either party. Learn about its characteristics, types, and related terms.
Comprehensive Insight Into Permanent Fixtures in Real Estate: Definitions, Examples, Legal Considerations, and Impact on Property Transactions
A comprehensive overview of permanent loans, long-term financing solutions for real estate transactions, typically replacing interim financing.
A comprehensive article on pet deposits, detailing their purpose, history, key considerations, and importance in rental agreements.
Physical Depreciation refers to the natural wear and tear on a property over time, with a focus on the exclusion of external factors like obsolescence or market environment.
Physical obsolescence refers to the inevitable deterioration of an asset due to wear and tear, aging, and physical decline over time, impacting its value and utility.
A detailed exploration of Property Investment Certificates, covering historical context, types, key events, formulas, importance, and more.
A comprehensive guide to understanding land-use planning, its importance, categories, and its impact on society.
A comprehensive guide to understanding Planning Permission, its historical context, types, key events, detailed explanations, and its significance in real estate and land development.
A comprehensive guide to understanding Plat Maps in real estate, including uses, definitions, and special considerations.
PMI is an additional insurance required for conventional loans when a down payment is less than 20%.
Points, or discount points, are upfront payments made to reduce the interest rate on a mortgage. Each point typically costs 1% of the loan amount and can lead to long-term savings for the borrower.
Pooling refers to the combination of mineral or leasehold interests to facilitate resource extraction, or the combining of funds from different sources without necessarily transferring them to a main account.
A comprehensive guide to Post Office Boxes (P.O. Boxes), their history, usage, types, importance, examples, and related terminology.
An in-depth exploration of Pre-Approval Letters, a preliminary estimate from lenders of the loan amount a borrower might qualify for.
Pre-fabricated homes are houses where sections are constructed in a factory and then assembled on-site, offering efficient and customizable housing options.
A less rigorous assessment that helps determine an individual's borrowing potential based on preliminary financial information.
A comprehensive look into the differences between pre-qualification and pre-approval in mortgage lending, detailing their processes, significance, and impact on borrower credibility.
Pre-Sales Commitment refers to legally binding agreements to purchase or lease units within a property development project before its completion. It is a crucial factor often necessary for securing take-out loans.
Precedent Transactions, also known as "M&A Comps," is a valuation method where comparable past transactions are used to estimate the value of a current business unit. This technique provides insights into market trends and valuation multiples.
The preconstruction phase encompasses planning, design, regulatory approvals, and financing, laying the foundational groundwork for successful project execution.
Prefabricated homes are residences built from pre-made sections, offering efficiency, sustainability, and affordability in the housing industry.
Primary Market Area (PMA) refers to the geographic region where a business's primary customer base is located. This area represents the core market that the company actively targets and serves.
The main loan secured against a home, having the first priority in case of default. This entry explores its types, special considerations, examples, historical context, applicability, comparisons, related terms, and FAQs.
Explore the Primary Mortgage Market where mortgages are originated between borrowers and lenders. Understand the key players, processes, and significance in the real estate and finance sectors.
A prime mortgage refers to a home loan offered to borrowers who have strong credit histories and lower risk profiles. These loans typically feature lower interest rates and more favorable terms compared to subprime loans.
Prime Mortgages are loans offered to borrowers with high creditworthiness, characterized by favorable terms such as lower interest rates and flexible repayment options.
Prime retail locations are highly sought-after spots in commercial real estate that offer maximum consumer access and visibility. These locations are critical for achieving high foot traffic and sales in the retail industry.
An in-depth exploration of the Principal Private Residence (PPR), which refers to the main private dwelling house of an individual, exempt from capital gains tax upon disposal.
A comprehensive guide to Private Money Loans, funded by private investors, exploring their historical context, key events, types, and applications in various financial landscapes.
Private Mortgage Insurance (PMI) is an insurance policy required for conventional loans where the down payment is less than 20% of the home's purchase price, protecting the lender in case the borrower defaults.
Individual appointments scheduled for prospective buyers to view a property in a private, one-on-one setting.
An in-depth look at professional valuation, its importance, types, key events, methodologies, and relevance across various fields.
A comprehensive guide to understanding Propcos, entities that own, manage, and lease real estate assets, detailing their functionalities, types, historical context, and applicability.
An encyclopedic entry covering the concept of property, including historical context, types, key events, detailed explanations, mathematical models, charts, applicability, examples, and more.
An in-depth guide on Property Companies, their historical context, types, key events, importance, applicability, and more.
An in-depth analysis of property companies, including their roles, types, historical context, key events, and much more.
Comprehensive analysis on Property Developers, the intricacies of their role, historical context, key events, importance, and applicability in the real estate market.
Property Investment Certificates (PINC) provide a means for individuals to own a share in property value and income.
An in-depth exploration of Property Law, the area of law that governs various forms of ownership and tenancy in real property.
An in-depth exploration of property lending, including historical context, types, key events, risk considerations, mathematical models, and more.
A comprehensive overview of what a Property Manager does, their types, special considerations, historical context, applicability, and comparisons with related roles.
An extensive overview of the property market, including its historical context, categories, key events, models, importance, applicability, and related terms.
Explore the intricacies of property portfolios, including their historical context, types, key events, and significance in real estate and finance.
