David Saks' Glossary of Real Estate and Mortgage Terms ============================================================ Easement A right created by grant, reservation, agreement, prescription, or necessary implicatio
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07/21/2008
David Saks' Glossary of Real Estate and Mortgage Terms ============================================================ Declaration of Restrictions A set of restrictions filed by a subdivider to cover an entire tract or subdivision. Def
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07/18/2008
David Saks' Glossary of Real Estate and Mortgage Terms =============================================================== Cap A limit on how much the interest rate or monthly payment of an ARM can change, either at each adjustment or du
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07/18/2008
David Saks' Glossary of Real Estate and Mortgage Terms ======================================================================= Balloon Note A note calling for periodic payments which are insufficient to fully amortize the face amount of
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07/18/2008
David Saks' Glossary of Real Estate and Mortgage Terms ============================================ Abstract A summary; an abridgment. Before the use of photostatic copying public records were kept by abstracts of recorded documents. Abs
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07/18/2008
The "American Dream" has never been clearly defined by the cheerleaders of our seemingly faultering industry as to whether or not that dream would become a good dream or a nightmare until now, and, indeed, the American Dream is now the "American Ni
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07/16/2008
I was a little guy. Didn't say much. Minded my own business. But I loved my bicycle. The other kids knew it. One of the bigger guys in the neighborhood knew how much I loved my bike and confronted me one day and said: "Saks, you know, that bike of y
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07/16/2008
Can't you see it coming? Somebody's pulling the wool over your eyes. Could this attempted government buyout of Freddie Mac and Fannie Mae actually be an attempt by the government to end the privatization of the oversight of mortgage backed securiti
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07/15/2008
It's 100 degrees in Memphis. A hot day. You can see the mirage on the asphalt on the avenue. Stray canines looking for a cool drink of water. Nobody walking down the street. All the car windows up and the air conditioners on. It's dog day July in the De
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07/15/2008
I've was up all night the eve of July 14th and couldn't sleep, as I'm sure millions of our fellow countrymen were, as well. I believe that the U.S. stock market, in addition to international investment capital, is about to crash because of failed U.S. banks, mortgage l
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07/14/2008
