Hope Teller

What is an Escrow Agent? How Are They Part of Real Estate?

An escrow agent is the person who handles all escrow services when you buy or sell a home, such as…

4 years ago

What is Ownership Interest in a Property?

Ownership interest in a property defines your rights as an owner of a property or that you have a claim…

4 years ago

What is a CLUE Report? And How to Order One.

A CLUE Report, otherwise known as a Comprehensive Loss Underwriting Exchange Report, is a document that provides a list of…

4 years ago

What Does Pre-Foreclosure Mean? And How to Avoid It.

Pre-foreclosure means that your lender has issued a notice of default (a public notice filed with a court) and that…

4 years ago

What is Off-Market in Real Estate?

Off-market in real estate means that a house is for sale but is not listed on multiple listing services (MLS). …

4 years ago

How Much Does it Cost to Buy a House?

The cost to buy a house varies depending on where you live, the demand for the type of house you…

4 years ago

What is Escrow Balance?

An escrow balance is the amount of money a lender sets aside to pay for homeowners insurance, mortgage insurance, future…

4 years ago

What Is Underwriting in Real Estate?

Underwriting in real estate is the process of a third party determining how much risk a lender or insurance company…

4 years ago

What is a Real Estate Broker?

A real estate broker is a real estate agent who has obtained a license to become a practicing broker within…

4 years ago

What is Unimproved Land & Is It Worth Buying?

Unimproved land (sometimes known as vacant lots or more commonly raw land) is land that does not have any active…

4 years ago