- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
The ratio of the amount a mortgagor still owes on a property to the amount of equity they have in the home. Equity is calculated at the fair-market value of the home, less any outstanding mortgage debt.
Industry:Real estate
A legal document that conveys ownership (title) of a real estate property.
Industry:Real estate
A type of joint tenancy in a property without right of survivorship. Contrast with tenancy by the entiret
Industry:Real estate
A document which transfers ownership of a property from a Trustee back to a borrower who has fulfilled the obligations of a mortgage.
Industry:Real estate
When a lender uses a third party to originate and package loans for sale to the secondary market (Fannie Mae, Freddie Mac).
Industry:Real estate
A document which dismisses a lien or other claim on a property.
Industry:Real estate
A document used to surrender any claim a person has to a property.
Industry:Real estate
An organisation which researches and certifies ownership of real estate before it is bought or sold. Title companies also act at the facilitator ensures all parties are paid during the real estate transaction.
Industry:Real estate
