|
| Home Mortgage Rate Refinance |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
REVERSION A future estate in real property created by operation of law when a grantor conveys a lesser estate than he has. The residue left in the grantor is called a reversion which commences in possession in the future upon the end of a particular estate granted or devised, whether it be freehold or less-than-freehold. VARIABLE RATE Interest rate that changes periodically in relation to an index. MISREPRESENTATION A false statement or concealment of a material fact made with the intent to induce some action by another party. GROSS INCOME Total income before taxes or expenses are deducted. RELEASE The discharge or relinquishment of a right, claim or privilege. Releases involving real property transactions should be acknowledged and recorded. FEDERAL HOUSING ADMINISTRATION (FHA) A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |