A small rental dwelling unit which combines living and bedroom spaces into one room (and, sometimes, kitchen space as well). Also known as "efficiency suite" or "studio apartment". …
Back End Ratio
A comparison of a borrower's monthly expenses to her gross monthly income used to assess her ability to carry a mortgage or other loan. …
Back Title Letter
A letter that a title insurance company gives to an attorney who then examines the title for insurance purposes. …
Back Title Letter (or Certificate)
Notice by a Title Insurance Company to a person searching and certifying title that a previous search has been completed, setting out the status of title of the property as at a given date such that …
Back-End Ratio
A lender calculation that compares a borrower's total debt (principal, interest, property taxes, and insurance, plus other monthly debt payments) to gross monthly income. …
Back-to-Back Escrow
Arrangements that an owner makes to oversee the sale of one property and the purchase of another at the same time. …