Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

I

Impound, or Reserves	The portion of a borrower's monthly payments held by the lender to pay for taxes, hazard and mortgage insurance, lease payments, and other items that will come due
Income approach	The method of estimating the value of a property by calculating its generated income
Income property	Real estate developed for the purpose of generating income
Indemnify	To provide for compensation in the case of loss or damage to property
Indemnity	The statement of terms under which loss or damage to property will be compensated
Index	A published interest rate used by lenders to compare the interest rate for an adjustable-rate mortgage (ARM) with that earned by other investments (e.g., the yield on Treasury bills, interest rate on loans from savings and loans institution, etc.), as a result of which the ARM interest rate is adjusted
Ingress	The right to enter on or over a piece of property
Insurable Title	A property title which an insurance company is willing to insure against possible claim
Installment contract, or Contract for deed	A contract for the sale of real estate whereby the buyer is in possession of the property while paying off the purchase price in periodic installments, despite the title being retained by the seller until the future date of final payment
Insured closing letter	An indemnity provided by a title insurance company to a lender, whereby the title insurance company assumes responsibility in the case that the closing agent does not fulfill the terms of the loan, or misappropriates the loan proceeds
Insured mortgage	A mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (MI) so that if the borrower defaults on the loan, the insurer compensates the lender the lesser of the loss incurred or the actual insured amount
Interest rate buydown plan	An arrangement made for the initial years of a mortgage whereby the seller (or any other party) deposits money into an account that is then released toward the monthly payments on the mortgage, thereby bringing the mortgagor's interest rate down below the actual interest rate
Interest rate ceiling	The maximum interest rate for an adjustable-rate mortgage (ARM), as specified in the mortgage note
Interest rate floor	The minimum interest rate for an adjustable-rate mortgage (ARM), as specified in the mortgage note
Interim financing	A temporary or short-term loan, often made during the construction phase of a building project, and usually replaced by a permanent long-term mortgage
In testate	The condition of dying without leaving a will. The description of an estate without a will
Involuntary lien	A claim or charge against property placed without the consent of the property's owner

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
MLS Property Finder:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee > Your Privacy Is Guaranteed > Free & Without Obligation >

"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation Massachusetts Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Wilbraham, East Longmeadow, Springfield and Longmeadow

Q  What famous hotel did John Wayne, Lee Marvin & Elvis Presley stay at while filming on Kauai? A  The Coco Palms See More Real Estate Trivia >

Brenda Cuoco & Company Coldwell Banker Residential Brokerage 55 North Main Street East Longmeadow, MA 01028 office: 413-525-5201 Vmail: 413-747-4964 Cell: 413-214-5365 Fax: 413-289-9496 bcuoco@NUMBER1EXPERT.com Treating each and everyone of our client's as if they were our only client is what our team likes to do best. We are always going above and beyond to service all of our client's. It's About always putting THEIR INTERESTS first, as well as giving 110% all the time and never giving up until the job's done. It's about commitment, hard work , integrity, energy, experience and results. We are friendly, caring, aggressive and most of all seeing a smile on our client's face is most rewarding to us! Our client's say it like it is: "We were so lucky to have her as our Realtor! Enthusiastic, energetic, aggressive, hardworking, honest, compassionate, knowledgeable, she has passion for the business, the page just isn't long enough!" These are just some of the many typical responses from satisfied client's when asked to describe buying or selling a home with Brenda Cuoco & Company. Much Hard work & Commitment goes into being that type of agent. Brenda Cuoco & Company received the International Presidents Diamond Society Award in 2007 & 2008 and is also ranked in the top 1% of the Realtor Association of Pioneer Valley, as well as being the #1 team in Coldwell Banker in Hampden, Hampshire & Franklin County. Brenda is also a Certified Relocation's Specialist and New Homes Specialist. Call Brenda Cuoco & Company today and you will be happy you did! “This website is NOT the official web site of Coldwell Banker Residential Brokerage” www.newenglandmoves.com www.BrendasMLS.com is brought to you by Brenda Cuoco and Company NUMBER1EXPERT™ in real estate for Wilbraham, East Longmeadow, Springfield and Longmeadow, Massachusetts Read Brenda Cuoco and Company's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.