A financing arrangement in which an investor buys property
from a developer and immediately sells it back under
a long-term sales agreement, wherein the investor retains
A financing arrangement whereby an investor purchases
real estate owned and used by a business corporation,
then leases the property back to the business.
Mortgage Market -
A market where mortgage originators may sell them, freeing
up funds for continued lending and distributes mortgage
funds nationally from money-rich to money poor areas.
A mortgage that has a lien position subordinate to the
A loan that is backed by collateral.
Something given, deposited, or pledged to make secure
the fulfillment of an obligation, usually the repayment
of a debt.
An agreement in which the owner of a property provides
financing, often in combination with an assumable mortgage.
A real estate loan in first priority position.
An organization that collects principal and interest
payments from borrowers and manages borrowers' escrow
accounts. The servicer often services mortgages that
have been purchased by an investor in the secondary
The collection of mortgage payments from borrowers and
related responsibilities of a loan servicer.
See Closing Costs.
Monies deposited in advance in anticipation of satisfying
a debt in the future.
Date on a term loan when the balloon payment is due.
Any mortgage or other lien that has a priority lower
than that of the first mortgage, or senior loan. See
A drawing or map the shows the precise legal boundaries
of a property, the location of improvements, easements,
rights of way, encroachments, and other physical features.
Increase in property value due to improvement by owners.