{"id":4394734,"date":"2025-06-14T08:19:27","date_gmt":"2025-06-14T08:19:27","guid":{"rendered":"https:\/\/myweburls.com\/judy\/?page_id=4394734"},"modified":"2025-08-21T04:38:54","modified_gmt":"2025-08-21T04:38:54","slug":"real-estate-terms","status":"publish","type":"page","link":"https:\/\/myweburls.com\/judy\/real-estate-terms\/","title":{"rendered":"Real Estate Terms"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; admin_label=&#8221;Header&#8221; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-7ef0de0f-61de-464a-8baa-1b6a70ca1c62&#8243; background_enable_image=&#8221;off&#8221; custom_padding=&#8221;8vw||8vw||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{%22gcid-7ef0de0f-61de-464a-8baa-1b6a70ca1c62%22:%91%22background_color%22%93}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;Merriweather|300|||||||&#8221; header_font_size=&#8221;64px&#8221; header_line_height=&#8221;1.4em&#8221; header_3_font=&#8221;|700||on|||||&#8221; header_3_font_size=&#8221;14px&#8221; header_3_letter_spacing=&#8221;4px&#8221; header_3_line_height=&#8221;1.4em&#8221; background_layout=&#8221;dark&#8221; header_font_size_tablet=&#8221;48px&#8221; header_font_size_phone=&#8221;34px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Real Estate Terms<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Listings&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; width=&#8221;96%&#8221; custom_margin=&#8221;-9vw||||false|false&#8221; custom_margin_tablet=&#8221;-140px||||false|false&#8221; custom_margin_phone=&#8221;-120px||||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;|50px||50px|false|true&#8221; box_shadow_style=&#8221;preset2&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_code _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Alphabet Navigation --><!-- [et_pb_line_break_holder] -->  <\/p>\n<nav class=\"glossary-nav\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<ul><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#a\">A<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#b\">B<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#c\">C<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#d\">D<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#e\">E<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#f\">F<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#g\">G<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#h\">H<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#i\">I<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      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<\/p>\n<li><a href=\"#v\">V<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#w\">W<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#x\">X<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#y\">Y<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<li><a href=\"#z\">Z<\/a><\/li>\n<p><!-- [et_pb_line_break_holder] -->    <\/ul>\n<p><!-- [et_pb_line_break_holder] -->  <\/nav>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section A --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"a\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>A<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Acceleration<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The right of the mortgagee (lender) to demand immediate repayment of the loan balance upon borrower default.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Adjustable Rate Mortgage (ARM)<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A mortgage in which the interest rate is adjusted periodically based on an index.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Amortization<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The process of paying off a loan in regular installments of principal and interest.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section B --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"b\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>B<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Balloon Mortgage<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A mortgage with small periodic payments and one large final payment.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Broker<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A person who arranges real estate transactions between buyers and sellers.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section C --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"c\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>C<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Closing Costs<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>Fees and expenses paid at the closing of a real estate transaction.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Collateral<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>An asset pledged to secure a loan.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section D --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"d\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>D<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Deed<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A legal document that conveys ownership of real estate.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Down Payment<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The initial cash paid by a buyer toward the purchase price.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section E --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"e\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>E<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Earnest Money<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A deposit made to demonstrate serious intent to purchase property.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Equity<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The value of an owner&#8217;s interest in a property above any debts owed.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section F --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"f\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>F<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Foreclosure<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A legal process by which a lender takes control of a property after borrower default.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Fixed Rate Mortgage<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A mortgage with a constant interest rate and payments for the entire loan term.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section G --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"g\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>G<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Grace Period<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The time allowed after a payment is due before late fees are charged.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section H --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"h\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>H<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Homeowner\u2019s Insurance<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>Insurance protecting against property damage and liability.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>HUD-1 Statement<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A settlement statement itemizing closing costs in a real estate transaction.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section I --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"i\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>I<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Interest<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The cost of borrowing money, expressed as a percentage of the principal.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Inspection<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A professional evaluation of a property\u2019s condition before purchase.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section J --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"j\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>J<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Joint Tenancy<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A form of ownership where two or more people share equal rights in a property.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section K --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"k\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>K<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Key Rate<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A benchmark interest rate that influences mortgage lending rates.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section L --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"l\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>L<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Lien<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A legal claim against a property to secure a debt.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Listing Price<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The asking price set by the seller.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section M --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"m\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>M<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Mortgage<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A loan secured by real property.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Market Value<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The price a property would sell for under current market conditions.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section N --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"n\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>N<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Note<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A written promise to repay a mortgage loan.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section O --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"o\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>O<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Origination Fee<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The fee charged by a lender for processing a new loan application.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section P --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"p\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>P<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Principal<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The amount borrowed or the amount still owed on a loan.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Prepayment Penalty<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A fee charged if the borrower pays off the loan early.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section Q --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"q\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>Q<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Quitclaim Deed<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A deed transferring interest in a property without warranties.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section R --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"r\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>R<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Refinance<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>Replacing an existing mortgage with a new one, usually with better terms.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Radon<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A naturally occurring gas that can pose health risks if found in homes.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section S --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"s\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>S<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Survey<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A professional measurement of land to establish boundaries.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Settlement<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The closing of a real estate transaction when the title passes.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section T --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"t\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>T<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Title<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>Legal evidence of property ownership.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Truth in Lending Act<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A federal law requiring disclosure of loan terms and costs.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section U --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"u\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>U<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Underwriting<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The process of evaluating a borrower\u2019s loan application to assess risk.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section V --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"v\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>V<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>VA Loan<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A mortgage guaranteed by the U.S. Department of Veterans Affairs for eligible veterans.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section W --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"w\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>W<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Warranty Deed<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A deed guaranteeing that the grantor holds clear title to a property.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section X --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"x\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>X<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Xeriscaping<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>A landscaping method designed to reduce water use, often relevant in real estate sales.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section Y --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"y\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>Y<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Yield<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>The return on an investment, such as income from rental property.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->  <!-- Section Z --><!-- [et_pb_line_break_holder] -->  <\/p>\n<section id=\"z\" class=\"glossary-section\"><!-- [et_pb_line_break_holder] -->    <\/p>\n<h2>Z<\/h2>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<dl><!-- [et_pb_line_break_holder] -->      <\/p>\n<dt>Zoning<\/dt>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<dd>Local government regulations that control land and property use.<\/dd>\n<p><!-- [et_pb_line_break_holder] -->    <\/dl>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<div class=\"back-to-top\"><a href=\"#top\">Back to Top<\/a><\/div>\n<p><!-- [et_pb_line_break_holder] -->  <\/section>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real Estate Terms<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-4394734","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real Estate Terms - Judy Trimble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myweburls.com\/judy\/real-estate-terms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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