DISTRESSED PROPERTY
A distressed property is a property that the owner wishes to sell urgently. The requirement of an urgent sale means the vendor may need to accept offers lower than it…
MULTIPLE LISTING SERVICE (MLS)
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers…
SUBPRIME LOAN
A subprime loan is a type of loan offered at a rate above prime to individuals who do not qualify for prime-rate loans. Quite often subprime borrowers have been turned down by…
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MORTGAGE BROKER
A mortgage broker is a go-between who deals with banks or other lenders to arrange a home loan. Mortgage brokers must act in your best interests when suggesting a loan…
Protected: SHOULD YOU FLIP HOUSE?
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