A person or company whose favor an obligation is entered into.
A person or company who has engaged to perform some obligation
Percentage of currently rented units in a building, neighborhood, complex, or city.
A buyer's expression of willingness to purchase a property at the seller's specified price.
Offer to Purchase
An agreement between a buyer and seller to purchase real estate. An offer to purchase, also known as a binder or a sales contract, secures the right to purchase real estate upon agreed terms for a limited period of time. If the buyer changes his mind or is unable to purchase, the earnest money that was paid is forfeited unless the binder expressly provides that it is to be refunded.
Online Rate Locks
A lease which may involve a balloon payment based on the value of the property when it is returned.
Original Principal Balance
Total amount of principal owed on a loan before any payments are made.
A real property purchase transaction in which the seller provides the financing
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