Wednesday Real Estate Words

By
Real Estate Agent with Samson Properties 0225 093857

WORDS

Here are 5 real estate words to increase your vocabulary. 

1- C.L.U.E.

A C.L.U.E report is a comprehensive Loss Underwriting Exchange. It is a file that is compiled on you by the insurance industry. 

2- Commingling

Commingling is to mix funds held in trust with other funds. Example a builder or broker hold funds in trust ( should be deposited into trust account) instead the money is deposited in to a general account. 

3- Slant Drilling

Slant drilling is a method of drilling fo oil or gas in an ajoining property when property rights have not been granted.

4- GNMA

GNMA (Ginnie Mae) Goverment National Mortgage Assoication. A federal association working with F.H.A. , which offers special assistance in obtaining mortgages and purchase mortgages.

5- Abstract of Titile

Abstract of title is a compilation of the recorded documents relating to a parcel of land, from which an attorney may give an opionion as to the condition of the title. 

Posted By: 

Susan Jacobs

Real Estate Collaboration Specialist-Divorce

Samson Properties

703-347-4418

email: Susan@SusanOJacobs.com

website www.SusanJacobs.com 

Are you buying, selling or renting? I'm here to help you with all of your real estate needs. Serving all of Northern Virginia for more than 30 years. 

 

Comments (0)

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?