Homeowner Education

The latest news, tips, and tricks for homeowners

Wire transfer

Wire Transfer A Wire Transfer is an electronic method of moving funds directly from one bank account to another through a secure financial network. Unlike

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Upside Down

Upside Down Upside Down is a term commonly used in real estate and lending to describe a situation in which the amount owed on a

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Truth in Lending Act

Truth in Lending Act The Truth in Lending Act is a federal consumer protection law designed to promote transparency and fairness in lending by requiring

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Settlement Statement

Settlement Statement Settlement Statement Definition In Real Estate A Settlement Statement is a document that summarizes the financial details of a real estate transaction at

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Reserve Fund

Reserve Fund Reserve Fund Definition In Real Estate Ownership A Reserve Fund is a pool of money set aside for future repair, replacement, or major

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Recession

Recession Recession Definition In Real Estate Context Recession refers to a sustained period of economic contraction that affects employment, income stability, and overall economic activity.

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Purchase Price

Purchase Price Purchase Price Definition In Real Estate Transactions Purchase Price is the agreed amount a buyer pays to acquire real estate from a seller.

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Property-Assessed Clean Energy

Property-Assessed Clean Energy Property-Assessed Clean Energy Definition In Residential Real Estate Property-Assessed Clean Energy is a financing mechanism that allows residential property owners to fund

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Non-liquid Asset

Non-liquid Asset Definition In Residential Real Estate A Non-liquid Asset is property or value that cannot be quickly converted into cash without potential loss, delay,

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