What exactly is House poor? Glad you asked! House poor refers to a situation where a homeowner has invested most of their income or resources

What exactly is House hacking? Glad you asked! House hacking is a real estate investment strategy that involves purchasing a property with multiple units, such

What exactly is Homestead exemption? Glad you asked! A homestead exemption is a legal provision that allows homeowners to reduce the taxable value of their

What exactly is Homeowners insurance premium? Glad you asked! The homeowners insurance premium is the amount paid by the policyholder to the insurance company for

What exactly is Homeowners association special assessment? Glad you asked! A homeowners association special assessment is an additional fee charged by the HOA to cover

What exactly is Homeowners association reserve fund? Glad you asked! A homeowners association reserve fund is a portion of the HOA’s budget set aside for

What exactly is Homeowners association meeting minutes? Glad you asked! Homeowners association meeting minutes are the official records of the proceedings and decisions made at

What exactly is Homeowners association documents? Glad you asked! Homeowners association documents are the legal agreements, contracts, and other records related to the operation and

What exactly is Homeowners association bylaws? Glad you asked! Homeowners association bylaws are the rules and regulations governing the operation and management of the HOA,

What exactly is Homeowners association board of directors? Glad you asked! The homeowners association board of directors is a group of elected or appointed members

What exactly is Homeowners insurance? Glad you asked! Homeowners insurance is a type of insurance that provides coverage for damage or loss of a home

What exactly is Homeowner association legal fees? Glad you asked! Homeowner association legal fees are costs incurred by the HOA for legal services related to

What exactly is Homeowner association fees (HOA dues)? Glad you asked! Homeowner association fees are regular payments made by property owners to the HOA to

What exactly is Homeowner association assessment? Glad you asked! A homeowner association assessment is a fee charged by the HOA to cover the costs of

What exactly is Homeowner association (HOA)? Glad you asked! A homeowner association is a governing body responsible for managing and maintaining a common interest development,

What exactly is Home warranty? Glad you asked! A home warranty is a type of service contract that provides coverage for repair or replacement of

What exactly is Home staging? Glad you asked! Home staging is the process of preparing a property for sale by improving its visual appeal and

What exactly is Home inspection contingency? Glad you asked! A home inspection contingency is a clause in a real estate contract that allows the buyer

What exactly is Home inspection? Glad you asked! A home inspection is an evaluation of the condition of a property, typically conducted by a professional

What exactly is Home equity loan? Glad you asked! A home equity loan is a type of loan that allows homeowners to borrow against the

What exactly is Home equity line of credit (HELOC)? Glad you asked! A home equity line of credit is a type of loan that allows

What exactly is Home equity conversion mortgage (HECM)? Glad you asked! A home equity conversion mortgage is a type of reverse mortgage loan that allows

What exactly is Home equity? Glad you asked! Home equity is the portion of a property’s value that is owned outright by the homeowner, calculated

What exactly is Hazard insurance? Glad you asked! Hazard insurance is a type of insurance that provides coverage for damage caused by specific hazards, such

What exactly is Hard money loan? Glad you asked! A hard money loan is a type of short-term, high-interest loan that is typically used to

What exactly is Gross rent multiplier (GRM)? Glad you asked! The gross rent multiplier is a measure of a property’s value based on its rental

What exactly is Gross lease? Glad you asked! A gross lease is a type of lease agreement where the tenant pays a fixed rent amount

What exactly is Gross leasable area (GLA)? Glad you asked! Gross leasable area is the total floor space within a building or property that is

What exactly is Gross income multiplier (GIM)? Glad you asked! The gross income multiplier is a measure of a property’s value based on its gross

What exactly is Grant deed? Glad you asked! A grant deed is a type of real estate deed that transfers ownership of a property from

What exactly is Graduated lease? Glad you asked! A graduated lease is a type of lease agreement where the rent payments increase over time, typically

What exactly is Goodwill? Glad you asked! Goodwill is the intangible value of a business or property beyond its tangible assets, often based on the

What exactly is Good faith estimate (GFE)? Glad you asked! A good faith estimate is a document provided by a mortgage lender to a borrower

What exactly is Gift of equity? Glad you asked! A gift of equity is a gift of home equity, usually from a family member, that

What exactly is Gentrification? Glad you asked! Gentrification is the process of renovating or improving a neighborhood or urban area to make it more attractive

What exactly is General warranty deed? Glad you asked! A general warranty deed is a type of real estate deed that includes a guarantee from

What exactly is Freddie Mac? Glad you asked! Freddie Mac, or the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise that provides funding for

What exactly is Fourplex? Glad you asked! A fourplex is a type of residential property that consists of four separate living units within a single

What exactly is Foreclosure? Glad you asked! Foreclosure is the legal process of repossessing a property by a lender or creditor due to the borrower’s

What exactly is Forbearance? Glad you asked! Forbearance is a temporary agreement between a borrower and lender to suspend or reduce mortgage payments for a

What exactly is Flood insurance? Glad you asked! Flood insurance is a type of insurance that provides coverage for damage caused by flooding, typically purchased

What exactly is Fixture? Glad you asked! A fixture is a permanent item attached to a property that becomes part of the property and cannot

What exactly is Fixed rate mortgage? Glad you asked! A fixed-rate mortgage is a type of mortgage loan where the interest rate remains the same

What exactly is First mortgage? Glad you asked! A first mortgage is a primary loan on a property, secured by a lien on the property

What exactly is Financing contingency? Glad you asked! A financing contingency is a provision in a purchase agreement that makes the sale of a property

What exactly is FHA loan? Glad you asked! An FHA loan is a mortgage loan that is insured by the Federal Housing Administration, designed to

What exactly is Fee simple? Glad you asked! Fee simple is a type of property ownership where the owner has full rights to use, sell,

What exactly is Federal Reserve? Glad you asked! The Federal Reserve is the central banking system of the United States, responsible for regulating the nation’s

What exactly is Federal Housing Administration (FHA)? Glad you asked! The Federal Housing Administration is a government agency that provides mortgage insurance to lenders to

What exactly is Fair market value? Glad you asked! Fair market value is the estimated value of a property or asset based on the current

What exactly is Fair market rent? Glad you asked! Fair market rent is the amount of rent that a landlord could reasonably expect to receive

What exactly is Fair Housing Act? Glad you asked! The Fair Housing Act is a federal law that prohibits discrimination in the sale, rental, and

What exactly is Fair Credit Reporting Act (FCRA)? Glad you asked! The Fair Credit Reporting Act is a federal law that regulates the collection, dissemination,

What exactly is Executor? Glad you asked! An executor is a person appointed by a will to manage the affairs of the deceased, including the

What exactly is Exclusive right-to-sell listing? Glad you asked! An exclusive right-to-sell listing is a type of real estate listing agreement where the seller works

What exactly is Exclusive agency listing? Glad you asked! An exclusive agency listing is a type of real estate listing agreement where the seller only

What exactly is Eviction? Glad you asked! Eviction is the legal process of removing a tenant from a rental property due to non-payment of rent

What exactly is Escrow fees? Glad you asked! Escrow fees are fees charged by an escrow agent for their services during a real estate transaction,

What exactly is Escrow agent? Glad you asked! An escrow agent is a neutral third party that holds funds or documents during a real estate

What exactly is Escrow account? Glad you asked! An escrow account is a bank account set up by a lender to hold funds for property

What exactly is Escrow? Glad you asked! Escrow is a neutral third party that holds funds or documents during a real estate transaction until all

What exactly is Escalation clause? Glad you asked! An escalation clause is a provision in a purchase offer that allows the buyer to increase their

What exactly is Equity stripping? Glad you asked! Equity stripping is a fraudulent real estate practice where an investor convinces a homeowner to transfer ownership

What exactly is Equity skimming? Glad you asked! Equity skimming is a fraudulent real estate practice where an investor purchases a property and collects rent

What exactly is Equity sharing? Glad you asked! Equity sharing is a real estate arrangement where multiple parties own a property and share in the

What exactly is Equity? Glad you asked! Equity is the difference between the value of a property and the amount owed on any liens or

What exactly is Environmental site assessment? Glad you asked! An environmental site assessment is a report that evaluates a property for environmental hazards or contamination.

What exactly is Encumbrance certificate? Glad you asked! An encumbrance certificate is a legal document that verifies that a property is free from any encumbrances,

What exactly is Encumbrance? Glad you asked! An encumbrance is a claim or liability against a property, such as a lien or mortgage. Real-Life Example

What exactly is Encroachment? Glad you asked! Encroachment occurs when a portion of a property, such as a building or fence, extends onto another person’s

What exactly is Eminent domain? Glad you asked! Eminent domain is the government’s right to take private property for public use, typically with compensation to

What exactly is Economic obsolescence? Glad you asked! Economic obsolescence is a decrease in the value of a property due to factors outside of the

What exactly is Easement? Glad you asked! An easement is a legal right to use or access a portion of another person’s property for a

What exactly is Earnest money deposit? Glad you asked! An earnest money deposit is a deposit made by a buyer to show their good faith

What exactly is Earnest money? Glad you asked! Earnest money is a deposit made by a buyer to show their good faith and commitment to

What exactly is Duplex? Glad you asked! A duplex is a type of residential property that consists of two separate units within a single building,

What exactly is Due diligence? Glad you asked! Due diligence is the process of conducting a thorough investigation and analysis of a property or investment

What exactly is Dual tracking? Glad you asked! Dual tracking is a mortgage servicing practice where a lender pursues both foreclosure proceedings and loan modification

What exactly is Dual agency? Glad you asked! Dual agency is a real estate practice where a single agent represents both the buyer and seller

What exactly is Down payment assistance program? Glad you asked! A down payment assistance program is a program that provides financial assistance to homebuyers to

What exactly is Down payment? Glad you asked! A down payment is the initial payment made by a buyer when purchasing a property, typically expressed

What exactly is Depreciation recapture? Glad you asked! Depreciation recapture is a tax provision that requires a property owner to pay taxes on the gain

What exactly is Depreciation? Glad you asked! Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or

What exactly is Deficiency judgment? Glad you asked! A deficiency judgment is a legal judgment obtained by a lender against a borrower for the amount

What exactly is Defeasance clause? Glad you asked! A defeasance clause is a provision in a mortgage or loan agreement that allows the borrower to

What exactly is Default? Glad you asked! Default occurs when a borrower fails to make their payments on a loan or mortgage as specified in

What exactly is Deed restriction? Glad you asked! A deed restriction is a legal agreement or condition placed on a property that limits its use

What exactly is Deed of trust? Glad you asked! A deed of trust is a legal document used in some states in place of a

What exactly is Deed in lieu of foreclosure? Glad you asked! A deed in lieu of foreclosure is a legal agreement between a lender and

What exactly is Deed? Glad you asked! A deed is a legal document that transfers ownership of a property from one party to another. Real-Life

What exactly is Debt-to-income ratio? Glad you asked! Debt-to-income ratio, or DTI, is a ratio used to determine a borrower’s ability to repay a loan

What exactly is Debt service coverage ratio? Glad you asked! Debt service coverage ratio, or DSCR, is a ratio used to determine a property’s ability

What exactly is Curb appeal? Glad you asked! Curb appeal refers to the attractiveness of a property from the street, particularly in terms of its

What exactly is Credit report? Glad you asked! A credit report is a report that details a person’s credit history, including their payment history, outstanding

What exactly is Covenant? Glad you asked! A covenant is a legal agreement or promise between parties, typically in a real estate transaction, that specifies

What exactly is Counteroffer? Glad you asked! A counteroffer is a response to an initial offer in a negotiation that proposes different terms or conditions.

What exactly is Cooperative? Glad you asked! A cooperative, or co-op, is a type of housing where residents own shares in the corporation that owns

What exactly is Conveyance? Glad you asked! Conveyance is the transfer of ownership of a property from one party to another. Real-Life Example of Conveyance:

What exactly is Conventional mortgage? Glad you asked! A conventional mortgage is a mortgage loan that is not insured or guaranteed by a government agency,

What exactly is Conventional loan? Glad you asked! A conventional loan is a mortgage loan that is not insured or guaranteed by a government agency,