Positive features of a particular property (such as a pool, central air conditioning, etc.) or attractions located near a particular property (highways, school, shopping, etc.) which have the effect …
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. …
American Land Title Association (ALTA)
The American Land Title Association (ALTA) is a national trade organization that represents the title insurance industry in the United States. Founded in 1907, ALTA includes title insurance companies, …
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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 …
American Rural Appraise
A Professional Designation. Awarded by the American Society of Farm Managers and Rural Appraisers. …
Bankruptcy
Bankruptcy is a legal process through which individuals or businesses can seek relief from some or all of their debts. When a person or organization is unable to meet their financial obligations, they …