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An official valuation of property for tax purposes. Payments made by condominium or cooperative owners for their share of building maintenance expenses.

A financing technique in which the lender can raise or lower the mortgage interest rate according to a set index, such as six-month Treasury bills

A process where disputes are mortgage to cover processing costs. settled by referring them to a fair and neutral third party (arbitrator). The disputing parties agree in advance to agree with the decision of the [...]

An increase in value.

A qualified party’s opinion of the value of a property. This may include examples of sales of similar properties.

To pay a debt in periodic amounts until the total amount, including any interest, is paid.

Features that enhance the value or desirability of a property.

An authorized person who manages or transacts business for another. Laws governing real estate—especially relating to agents—vary considerably from state to state. While some standardization has been achieved, it is best to check the particulars [...]