A letter that a title insurance company gives to an attorney who then examines the title for insurance purposes. …
Assessed Value
A tax assessor's determination of the value of a home in order to calculate a tax base. The value placed on land and buildings by a government agency for tax purposes. …
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. …
Assessment
The estimated value of a piece of real estate or a levy placed on property in addition to taxes. A tax or charge levied on property by a taxing authority to pay for improvements such as sidewalks, …
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. …
Assessment Rolls
A list of taxable property compiled by the assessor. …