How To Get A Real Estate License >>>
100% Mortgage - is a type of mortgage wherein the borrower gets the same and exact value of loan to the value or amount of the property to be purchased. In this case, the borrower is not necessarily required to make a down-payment in securing the loan/mortgage.
100% Mortgage - is a type of mortgage wherein the borrower gets the same and exact value of loan to the value or amount of the property to be purchased. In this case, the borrower is not necessarily required to make a down-payment in securing the loan/mortgage.
60-Plus Delinquencies - Are home loans that have or has past their 60 days due date in paying their monthly mortgage payments. In a typical manner, the 60-Plus Delinquencies are being expressed by lenders/banks through percentage of certain group of loans that are written for a specific calendar year / period of time.
Absentee Landlords - is an entity, person, or group of individuals that are either leasing or renting properties through third parties (local investors, companies, overseas conglomerate). Absentee Landlords seek mostly for rental income purposes coming through the third parties involved. They usually hand out the management and collection processes of income to their conglomerate company/companies especially in maintaining the properties for wider investment purposes in the future. They are called "absentee" because they do not necessarily reside in the property premise or location.
Absentee Owner - is an entity or individual who owns a certain piece of realty property but does not necessarily live or reside on it. Almost same with absentee landlords, but the difference is that these absentee owners are mostly corporations, or real estate firms and trust that owns the land for the purposes of future property investments. Absentee Owners can also be divided into two. Absentee owners can do those single individuals can own an apartment or a condominium unit, while absentee owners in terms of companies and firms owns larger types of properties or buildings - but both aiming to generate income from their properties for their own investment purposes.
