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Created by Marty Baum
Horizontales
A government owned agency that primarily buys conventional loans from the primary mortgage market. They are known as ________ Mac
In the traditional sense, persons related to each other by blood or marriage.
An area of land that is devoted primarily to agriculture with the primary objective of producing food and other crops.
This is where the lender agrees to suspend mortgage or deed of trust payments for a certain period of time and not to initiate a foreclosure during this time. In exchange, the borrower must resume the full payment at the end of this period, plus pay an additional amount to get current on missed payments.
An article that was once personal property but has been so affixed to the land or a building that the law recognizes it as part of real property
The process of providing funds for business activities, making purchases, or investing. Banks and other institutions are in the business of providing capital to businesses, consumers, and investors to help them achieve their goals.
The open area or hallway upon entering a building, often found in many homes.
The boundary between a plot of land or a building and the road onto which the plot or building fronts. This length is considered especially important for certain types of commercial and retail real estate. This is called __________
The part of a building which supports the superstructure, usually below ground level.
An ancient system of land ownership. Under old English common law, the government or king held title to all lands. This is known as the ________ System
Verticales
The highest interest in real estate recognized by law. This estate lasts for an indefinite period of time and could be inherited, gifted or sold by the owner. This estate is known as _____ Simple Absolute
A relationship created between the principle (client) and the real estate agent and is one of trust and confidence. The agent has a ________ Responsibility to their client.
Any form of deceit, trickery, breach of confidence, or misrepresentation by which one party attempts to gain some unfair advantage over another.
The illegal act of counterfeiting documents or making a false signature, alteration, or falsification
The central banking system of the United States under the control of a central board of governors responsible for controlling and regulating the nation's monetary policy and money supply. They are known as the _______ Reserve System
A business year used for tax, corporate, or accounting purposes, as opposed to a calendar year.
Domiciled with a child under the age of 18, pregnant women, persons in the process of obtaining legal custody of a child under the age of 18 are protected under the Federal Fair Housing Act. This is called _______ Status
A legal process whereby property used as security for a debt is sold to satisfy the debt in the event of default.
A government owned agency that buys conventional, FHA, and VA loans and are in the secondary lending market. They are the largest holder of residential debt. They are known as ________ Mae