Also known as a "swing loan", a loan used to fill a gap in financing, often between the purchase of a new home and the sale of the old one. If the purchase closes before the sale, the home owner needs …
Agency Closing
The process by which a lender uses a title company or other firm as an agent to complete a loan. …
British Theraml Unit (BTU)
A unit of heat or cooling. That required to change the temperature of a pound of water by one degree Fahrenheit. …
Agency Disclosure
Laws in most states require agents who act for buyers or sellers to disclose who represents whom in a real estate transaction. Laws vary widely by state. …
A La Carte Real Estate Services
Professional real estate services that are rendered one transaction at a time instead of the conventional full-service, commission-based brokerage relationship. …
Agreed Boundary
A compromise boundary to which property owners agree in order to resolve a dispute. …