Tag: Mortgages
-
Mortgage Company
Concept of Mortgage Company in the context of Real Property A short definition of Mortgage Company: A company authorized to arrange real estate loans, charging a fee for this service.
-
Mortgage Company
Concept of Mortgage Company in the context of Real Property A short definition of Mortgage Company: A company authorized to arrange real estate loans, charging a fee for this service.
-
Quitclaim Deed
A deed entitled ‘Quitclaim Deed’, when duly executed, has the force and effect of a conveyance to the releasee of all the releasor’s right, title and interest in and to the property described therein except as otherwise limited therein, but without any covenants of title. A […]
-
Mortgage Credit Certificate Program
Concept of Mortgage Credit Certificate Program (mcc) in the context of U.S. Real Property A short definition of Mortgage Credit Certificate Program (mcc): A federal program authorized by the Tax Reform Act of 1984. The program allows a tax credit to a home buyer of a portion of the amount that […]
-
Mortgage Servicing
Concept of Mortgage Servicing in the context of Real Property A short definition of Mortgage Servicing: Controlling the necessary duties of a mortgagee, such as collecting payments, releasing the lien upon payment in full, foreclosing if in default, and making sure the taxes are paid, […]
-
Mortgage Pool
Concept of Mortgage Pool in the context of Real Property A short definition of Mortgage Pool: A group or pool of mortgages, an interest in which can be purchased through a securities dealer. Because of market changes in interest rates and points (discounts), early payoffs, and […]
-
Mortgage Funding Fee
Concept of Mortgage Funding Fee in the context of Real Property A short definition of Va Mortgage Funding Fee: A closing cost either paid in full at closing or financed. It is one of the costs to obtain a VA guaranteed loan.
-
Estoppel In Pais
Ordinarily one who accepts a deed which recites that the land (more in the U.S.) is subject to, or that he assumes the payment of, a mortgage (more about mortgages in the U.S.) to a certain amount is…