A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal. …
Balloon Payment
The single, large payment which pays out the balance due on a balloon mortgage.The final lump-sum payment due at the end of a balloon mortgage. …
Balloon-Frame Construction
A type of framing used in two-story homes in which studs extend from the ground to the ceiling of the second floor. …
Baluster
Intermediate vertical support for a stair railing, often made from turned hardwood. …
Balustrade
Railing held up by a set of posts on a porch or stairway. …
Bankrupt
In the real estate context, 'bankrupt' refers to a person or an entity that has been legally declared insolvent due to the inability to pay off their debts, including mortgages. This often involves …