Tag: Adjustments

Adjustable Rate Mortgage…

Concept of Adjustment Period in the context of Real Property A short definition of Adjustment Period: The time between adjustment dates for an adjustable rate mortgage. If the rate adjusted monthly, for example, one month would be the adjustment period.

Concept of Adjusted Sale Price in the context of Real Property A short definition of Adjusted Sale Price: An appraisal term used when a comparable property’s sale price is adjusted to reflect the value of the subject property. The adjustment is made based on the differences between the […]

Concept of Adjustment Date in the context of Real Property A short definition of Adjustment Date: The date for changing the interest on an Adjust-able Rate Mortgage.

Adjustable Rate Loans in the context of Real Property See: Adjustable Mortgage Loans in this legal Dictionary.

Concept of Adjustable Mortgage Loans (aml’s) in the context of Real Property A short definition of Adjustable Mortgage Loans (aml’s): Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment […]

Concept of Adjusted Mortgage in the context of Real Property A short definition of Adjusted Mortgage: A mortgage released after a company has undergone reorganization.

Adjustments in the context of Real Property See: Proration in this legal Dictionary.