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In the cleanup phase of the Great Housing Bubble, the lucky ones are those profiting from recycling ...
» NV   » Mortgage03/23/2011
 
As part of his "To Do List" President Barack Obama visited Val and Paul Keller on Friday. The White ...
» NV   » Mortgage05/13/2012
 
If South Florida was the capital of mortgage fraud, Victor Wolf's home was arguably the epicenter, c...
» FL   » Real Estate news02/27/2012
 
Choosing your dream home is an exciting affair, but it also involves a great deal of planning. It ca...
» VA   » Home buying01/07/2012
 
A recent headline on the Good.is. website, "Can a Font Help a City Make a Comeback?," sounds simulta...
» TN   » Real Estate news02/22/2012
 
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Appraisal

A professional determination of value. Mortgage companies usually require an appraisal of the property by a licensed, disinterested party before agreeing to loan money on the property. Methods of determining value may be based on many things, such as comparable sales in the area, the cost approach, the income approach, or the highest and best use of the property.

See also:
  • Acceptance
  • Ad Valorem Tax
  • Adjustable Rate Mortgage
  • Agent
  • Amortization
  • Amortization Schedule
  • Annual Percentage Rate
  • Appraisal
  • Appraised Value
  • Appreciation
  • APR
  • ARM
  • As Is Condition
  • Asking or Listing Price
  • Assessed Value
  • Assignee
  • Assumable Mortgage
  • Assumption of mortgage

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