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Choose a Letter to view the terms starting with that letter.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Easement
The right and use to a specific piece of land owned by someone else.
Encroachment
A property improvement that unlawfully intrudes on another’s property.
Equity
Calculated by subtracting the balance owed on a home from the market value.
Escrow
The holdings of documents or funds by a neutral third party on the behalf of the borrower pending the closing of a loan or payment of real estate taxes, insurance and any such agreements of a contract.
Escrow Impounds
Money paid at loan settlement and with monthly loan payments for the purpose of paying future real estate taxes and homeowners insurance.
Escrow Waiver
The borrower’s request to not pay taxes and insurance through impounds. Equity positions play a role in the decision.
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