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flipswarm wiki
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ownership
deed
title
legal vs equitable
states
theory
title vs lien (mortgage)
recourse vs nonrecourse
nonjudicial foreclosure
conveyance
contract
agents
buyers: idx
listing: mls
title abstractor
earnest money
included with offer
part of down payment
inspection contingency
contingencies
appraisal
mpr
inspection
home (buyer)
pest (termite)
mold (stachybotrys)
lbp / asbestos (1978)
methamphetamine (lab)
finance
preapproval
certificate of occupancy
force majeure
due diligence
survey &c.
financing
contracts
promissory note
amount / rate / term
downpayment
security instrument
mortgage agreement / deed of trust
collateral mortgage
insurance
title
homeowners
pmi: ltv >80% ie 20% down
renovation: fha 203k
discharge
defeasance
short sale
recourse clause
prepayment premium
deed of reconveyance
alienation / due on sale
satisfaction of mortgage
acceleration / foreclosure
assumable 1982 garn-stgermain
condition
county
assessor (tax)
municipal / local
building inspector
certificate of occupancy
purpose
habitability
code compliance
lender
appraiser
desktop underwriter
piw / ace
seller
material defect
mandatory disclosures
pre-listing inspection
listing verbiage
as-is
cash only
needs tlc
fixer upper
movein ready
tenants rights
handyman special
motivated seller
investment property
bring your paintbrush
no seller disclosures
agent related to seller
seller has not lived in home
seller not to provide occupancy
inspection for information purposes only
as-is
normal clauses
foreclosure / reo
hud: preappraised
in its present condition
sellers choice eg short sale
nonreliance on representations
seller will not
make repairs
offer concessions
pay for inspections
grant closing cost credits
negligence
tortfeasor
duty breach causation
property
real = fixed (immovable)
personal
chattel
intangible
cash
stock
brands
patents
asset accounting
real = tangible
current = 1yr
cash
stock
non-current = fixed (permanent)
chattel
real property
intangible
non-current = fixed (permanent)
brands
patents
goodwill
asset investing
real estate
equity = stock
cash & eqivalents
fixed income = bonds
takeaways:
cars are chattel
all commissions are always negotiable
real property loans are collateralised
lender appraisals come in at or above contract 90% of the time
personal property isnt real but that doesnt make it intangible
in asset accounting chattel is fixed, & like cash & stock is tangible & real
in property chattel is not fixed nor real & neither are cash & stock which are also intangible
