Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

I

Impound, or Reserves	The portion of a borrower's monthly payments held by the lender to pay for taxes, hazard and mortgage insurance, lease payments, and other items that will come due
Income approach	The method of estimating the value of a property by calculating its generated income
Income property	Real estate developed for the purpose of generating income
Indemnify	To provide for compensation in the case of loss or damage to property
Indemnity	The statement of terms under which loss or damage to property will be compensated
Index	A published interest rate used by lenders to compare the interest rate for an adjustable-rate mortgage (ARM) with that earned by other investments (e.g., the yield on Treasury bills, interest rate on loans from savings and loans institution, etc.), as a result of which the ARM interest rate is adjusted
Ingress	The right to enter on or over a piece of property
Insurable Title	A property title which an insurance company is willing to insure against possible claim
Installment contract, or Contract for deed	A contract for the sale of real estate whereby the buyer is in possession of the property while paying off the purchase price in periodic installments, despite the title being retained by the seller until the future date of final payment
Insured closing letter	An indemnity provided by a title insurance company to a lender, whereby the title insurance company assumes responsibility in the case that the closing agent does not fulfill the terms of the loan, or misappropriates the loan proceeds
Insured mortgage	A mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (MI) so that if the borrower defaults on the loan, the insurer compensates the lender the lesser of the loss incurred or the actual insured amount
Interest rate buydown plan	An arrangement made for the initial years of a mortgage whereby the seller (or any other party) deposits money into an account that is then released toward the monthly payments on the mortgage, thereby bringing the mortgagor's interest rate down below the actual interest rate
Interest rate ceiling	The maximum interest rate for an adjustable-rate mortgage (ARM), as specified in the mortgage note
Interest rate floor	The minimum interest rate for an adjustable-rate mortgage (ARM), as specified in the mortgage note
Interim financing	A temporary or short-term loan, often made during the construction phase of a building project, and usually replaced by a permanent long-term mortgage
In testate	The condition of dying without leaving a will. The description of an estate without a will
Involuntary lien	A claim or charge against property placed without the consent of the property's owner

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee > Your Privacy Is Guaranteed > Free & Without Obligation >

Q  Where is the world's oldest hotel? A  The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties. See More Real Estate Trivia >

Roberta Plutzik Baldwin, Realtor Associate Keller Williams NJ Metro Group Glenmont Square 15 Bloomfield Avenue Montclair, New Jersey Office: 973-783-7400 Cell: 973-420-9043 Fax: 973-842-0745 robertabaldwinteam@gmail.com Over the past 16 years, Roberta Baldwin has become one of Essex County, NJ's most respected real estate professionals, often quoted in the national media and featured for 2 seasons on the HGTV's hit show "Bought & Sold." A recipient of the New Jersey Association of Realtors Circle of Excellence Sales Award for 15 consecutive years, Roberta brings a myriad of talents to the job of helping her clients buy and sell homes. Before buying the franchise for the new, fast-growing Keller Williams Realty NJ Metro Group Market Center in 2010, Roberta was honored to be inducted into the RE/MAX International Hall of Fame after a string of accolades as one of the top-producing RE/MAX agents in the world. An award-winning former journalist, author, newspaper editor, marketing and publishing executive, her well-honed organizational, creative, and people skills are brought to bear on every deal she negotiates. Her flagship website, NJDreamHouses.com, is the anchor for the "What's New in Essex County Real Estate" newsletter she writes regularly for thousands of people interested in buying and selling in the North Jersey marketplace. Her super search site, www.FindBestNJHomes.com, is used by countless active NJ buyers and sellers. Roberta offers sellers a sophisticated mix of high technology marketing and sensitive interpretation their personal needs, while offering buyers she works with the expert advice and knowledge of local towns, schools and commutes. Her insightful blog, SuburbanDigs.typepad.com, simply said, tells it like it is! Considered an expert on pricing, buyer and and seller psychology and staging homes to maximize value, she is often interviewed by New York Times, NJ's Star Ledger, on ABC's "Nightline" and CBS's "Early Morning," as well as appearing frequently on MSNBC. In 2011, Roberta launched and is featured in a new docu-video series (YouTube.com/TheBaldwinTeam) supporting The Baldwin Dream Team listings. Roberta and her energetic and knowledgeable team of agents, The Baldwin Dream Team -- Nancy Chu, Sidney Simon, Nick Baldwin and Juliet Bowen -- are unmatched in their marketplace, stressing service and integtrity in every deal they do! Ask anybody! www.njdreamhouses.com is brought to you by Roberta Baldwin NUMBER1EXPERT™ in real estate for Montclair, Upper Montclair, Glen Ridge and West Orange, New Jersey Read Roberta Baldwin's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.