Category: T

TRADE FIXTURES RETOTD Episode 00166

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TRADE FIXTURES Personal property that is attached to a structure that is used in the business. Because this property is part of the business and not deemed to be part of the real estate, it is typically removable upon lease…

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TAX ROLL RETOTD Episode 00164

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TAX ROLL A list or record containing the descriptions of all land parcels located within the county, the names of the owners or those receiving the tax bill, assessed values and tax amounts.

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203(b) RETOTD Episode 00163

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203(b) FHA’s single family program which provides mortgage insurance to lenders to protect against the borrower defaulting; 203(b) is used to finance the purchase of new or existing one to four family housing; 203(b) insured loans are known for requiring…

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TRANSFER OF OWNERSHIP RETOTD: Episode 00037

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TRANSFER OF OWNERSHIP Any means by which the ownership of a property changes hands. Lenders consider all of the following situations to be a transfer of ownership: the purchase of a property “subject to” the mortgage, the assumption of the…

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