The process of replacing an older mortgage with a new mortgage that has better terms. …
Regression
The principle that the value of a better-quality property is adversely affected by the proximity of a lesser-quality property. …
Regulation Z
A federal code issued under the Truth in Lending Act that requires that a borrower be advised in writing of all costs associated with the credit portion of a financial transaction. …
Rehabilitation Mortgage
A mortgage that provides for the costs of repairing and improving a resale home or building. …
Real Estate Investment Trusts (REIT)
Publicly traded companies that own, develop, and operate commercial properties. …
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Release Clause
A provision in a purchase contract that allows a seller to continue marketing their home and accept other offers. …