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What is a Homeowners Association Reserve Fund? Ocean State Buyers explains it best!

What exactly is Homeowners association reserve fund? Glad you asked! A homeowners association reserve fund is a portion of...

What is a Homeowners Association Special Assessment? Ocean State Buyers explains it best!

What exactly is Homeowners association special assessment? Glad you asked! A homeowners association special assessment is an additional fee...

What is a Homeowners Insurance Premium? Ocean State Buyers explains it best!

What exactly is Homeowners insurance premium? Glad you asked! The homeowners insurance premium is the amount paid by the...

What is a Homestead Exemption? Ocean State Buyers explains it best!

What exactly is Homestead exemption? Glad you asked! A homestead exemption is a legal provision that allows homeowners to...

What is House Hacking? Ocean State Buyers explains it best!

What exactly is House hacking? Glad you asked! House hacking is a real estate investment strategy that involves purchasing...

What does House Poor mean? Ocean State Buyers explains it best!

What exactly is House poor? Glad you asked! House poor refers to a situation where a homeowner has invested...

What is a Housing Bubble? Ocean State Buyers explains it best!

What exactly is Housing bubble? Glad you asked! A housing bubble is a period of rapid and unsustainable growth...

What is a Home Inspection? Ocean State Buyers explains it best!

What exactly is Home inspection? Glad you asked! A home inspection is an evaluation of the condition of a...

What is a Home Inspection Contingency? Ocean State Buyers explains it best!

What exactly is Home inspection contingency? Glad you asked! A home inspection contingency is a clause in a real...

What is Home Staging? Ocean State Buyers explains it best!

What exactly is Home staging? Glad you asked! Home staging is the process of preparing a property for sale...

What is a Home Warranty? Ocean State Buyers explains it best!

What exactly is Home warranty? Glad you asked! A home warranty is a type of service contract that provides...

What is a Homeowner Association (HOA)? Ocean State Buyers explains it best!

What exactly is Homeowner association (HOA)? Glad you asked! A homeowner association is a governing body responsible for managing...

What is a Homeowner Association Assessment? Ocean State Buyers explains it best!

What exactly is Homeowner association assessment? Glad you asked! A homeowner association assessment is a fee charged by the...

What are Homeowner Association Fees (HOA Dues)? Ocean State Buyers explains it best!

What exactly is Homeowner association fees (HOA dues)? Glad you asked! Homeowner association fees are regular payments made by...

What are Homeowner Association Legal Fees? Ocean State Buyers explains it best!

What exactly is Homeowner association legal fees? Glad you asked! Homeowner association legal fees are costs incurred by the...

What is Homeowners Insurance? Ocean State Buyers explains it best!

What exactly is Homeowners insurance? Glad you asked! Homeowners insurance is a type of insurance that provides coverage for...

What is a Homeowners Association Board of Directors? Ocean State Buyers explains it best!

What exactly is Homeowners association board of directors? Glad you asked! The homeowners association board of directors is a...

What is Gross Income Multiplier (GIM)? Ocean State Buyers explains it best!

What exactly is Gross income multiplier (GIM)? Glad you asked! The gross income multiplier is a measure of a...

What is Gross Leasable Area (GLA)? Ocean State Buyers explains it best!

What exactly is Gross leasable area (GLA)? Glad you asked! Gross leasable area is the total floor space within...

What is a Gross Lease? Ocean State Buyers explains it best!

What exactly is Gross lease? Glad you asked! A gross lease is a type of lease agreement where the...

What is Gross Rent Multiplier (GRM)? Ocean State Buyers explains it best!

What exactly is Gross rent multiplier (GRM)? Glad you asked! The gross rent multiplier is a measure of a...

What is a Hard Money Loan? Ocean State Buyers explains it best!

What exactly is Hard money loan? Glad you asked! A hard money loan is a type of short-term, high-interest...

What is Hazard Insurance? Ocean State Buyers explains it best!

What exactly is Hazard insurance? Glad you asked! Hazard insurance is a type of insurance that provides coverage for...

What is Home Equity? Ocean State Buyers explains it best!

What exactly is Home equity? Glad you asked! Home equity is the portion of a property’s value that is...

What is a Home Equity Conversion Mortgage (HECM)? Ocean State Buyers explains it best!

What exactly is Home equity conversion mortgage (HECM)? Glad you asked! A home equity conversion mortgage is a type...

What is a Home Equity Line of Credit (HELOC)? Ocean State Buyers explains it best!

What exactly is Home equity line of credit (HELOC)? Glad you asked! A home equity line of credit is...

What is a Home Equity Loan? Ocean State Buyers explains it best!

What exactly is Home equity loan? Glad you asked! A home equity loan is a type of loan that...

What is Foreclosure? Ocean State Buyers explains it best!

What exactly is Foreclosure? Glad you asked! Foreclosure is the legal process of repossessing a property by a lender...

What is a Fourplex? Ocean State Buyers explains it best!

What exactly is Fourplex? Glad you asked! A fourplex is a type of residential property that consists of four...

What is Freddie Mac? Ocean State Buyers explains it best!

What exactly is Freddie Mac? Glad you asked! Freddie Mac, or the Federal Home Loan Mortgage Corporation, is a...

What is a General Warranty Deed? Ocean State Buyers explains it best!

What exactly is General warranty deed? Glad you asked! A general warranty deed is a type of real estate...

What is Gentrification? Ocean State Buyers explains it best!

What exactly is Gentrification? Glad you asked! Gentrification is the process of renovating or improving a neighborhood or urban...

What is Gift of Equity? Ocean State Buyers explains it best!

What exactly is Gift of equity? Glad you asked! A gift of equity is a gift of home equity,...

What is a Good Faith Estimate (GFE)? Ocean State Buyers explains it best!

What exactly is Good faith estimate (GFE)? Glad you asked! A good faith estimate is a document provided by...

What is Goodwill? Ocean State Buyers explains it best!

What exactly is Goodwill? Glad you asked! Goodwill is the intangible value of a business or property beyond its...

What is a Graduated Lease? Ocean State Buyers explains it best!

What exactly is Graduated lease? Glad you asked! A graduated lease is a type of lease agreement where the...

What is a Grant Deed? Ocean State Buyers explains it best!

What exactly is Grant deed? Glad you asked! A grant deed is a type of real estate deed that...

What is the Federal Housing Administration (FHA)? Ocean State Buyers explains it best!

What exactly is Federal Housing Administration (FHA)? Glad you asked! The Federal Housing Administration is a government agency that...

What is the Federal Reserve? Ocean State Buyers explains it best!

What exactly is Federal Reserve? Glad you asked! The Federal Reserve is the central banking system of the United...

What is Fee Simple? Ocean State Buyers explains it best!

What exactly is Fee simple? Glad you asked! Fee simple is a type of property ownership where the owner...

What is an FHA Loan? Ocean State Buyers explains it best!

What exactly is FHA loan? Glad you asked! An FHA loan is a mortgage loan that is insured by...

What is a Financing Contingency? Ocean State Buyers explains it best!

What exactly is Financing contingency? Glad you asked! A financing contingency is a provision in a purchase agreement that...

What is a First Mortgage? Ocean State Buyers explains it best!

What exactly is First mortgage? Glad you asked! A first mortgage is a primary loan on a property, secured...

What is a Fixed Rate Mortgage? Ocean State Buyers explains it best!

What exactly is Fixed rate mortgage? Glad you asked! A fixed-rate mortgage is a type of mortgage loan where...

What is a Fixture? Ocean State Buyers explains it best!

What exactly is Fixture? Glad you asked! A fixture is a permanent item attached to a property that becomes...

What is Flood Insurance? Ocean State Buyers explains it best!

What exactly is Flood insurance? Glad you asked! Flood insurance is a type of insurance that provides coverage for...

What is Forbearance? Ocean State Buyers explains it best!

What exactly is Forbearance? Glad you asked! Forbearance is a temporary agreement between a borrower and lender to suspend...

What is an Escrow Agent? Ocean State Buyers explains it best!

What exactly is Escrow agent? Glad you asked! An escrow agent is a neutral third party that holds funds...

What are Escrow Fees? Ocean State Buyers explains it best!

What exactly is Escrow fees? Glad you asked! Escrow fees are fees charged by an escrow agent for their...

What is Eviction? Ocean State Buyers explains it best!

What exactly is Eviction? Glad you asked! Eviction is the legal process of removing a tenant from a rental...

What is an Exclusive Agency Listing? Ocean State Buyers explains it best!

What exactly is Exclusive agency listing? Glad you asked! An exclusive agency listing is a type of real estate...

What is an Exclusive Right-to-Sell Listing? Ocean State Buyers explains it best!

What exactly is Exclusive right-to-sell listing? Glad you asked! An exclusive right-to-sell listing is a type of real estate...

What is an Executor? Ocean State Buyers explains it best!

What exactly is Executor? Glad you asked! An executor is a person appointed by a will to manage the...

What is the Fair Credit Reporting Act (FCRA)? Ocean State Buyers explains it best!

What exactly is Fair Credit Reporting Act (FCRA)? Glad you asked! The Fair Credit Reporting Act is a federal...

What is the Fair Housing Act? Ocean State Buyers explains it best!

What exactly is Fair Housing Act? Glad you asked! The Fair Housing Act is a federal law that prohibits...

What is Fair Market Rent? Ocean State Buyers explains it best!

What exactly is Fair market rent? Glad you asked! Fair market rent is the amount of rent that a...

What is Fair Market Value? Ocean State Buyers explains it best!

What exactly is Fair market value? Glad you asked! Fair market value is the estimated value of a property...

What is an Encumbrance? Ocean State Buyers explains it best!

What exactly is Encumbrance? Glad you asked! An encumbrance is a claim or liability against a property, such as...

What is an Encumbrance Certificate? Ocean State Buyers explains it best!

What exactly is Encumbrance certificate? Glad you asked! An encumbrance certificate is a legal document that verifies that a...

What is an Environmental Site Assessment? Ocean State Buyers explains it best!

What exactly is Environmental site assessment? Glad you asked! An environmental site assessment is a report that evaluates a...

What is Equity? Ocean State Buyers explains it best!

What exactly is Equity? Glad you asked! Equity is the difference between the value of a property and the...

What is Equity Sharing? Ocean State Buyers explains it best!

What exactly is Equity sharing? Glad you asked! Equity sharing is a real estate arrangement where multiple parties own...

What is Equity Skimming? Ocean State Buyers explains it best!

What exactly is Equity skimming? Glad you asked! Equity skimming is a fraudulent real estate practice where an investor...

What is Equity Stripping? Ocean State Buyers explains it best!

What exactly is Equity stripping? Glad you asked! Equity stripping is a fraudulent real estate practice where an investor...

What is an Escalation Clause? Ocean State Buyers explains it best!

What exactly is Escalation clause? Glad you asked! An escalation clause is a provision in a purchase offer that...

What is Escrow? Ocean State Buyers explains it best!

What exactly is Escrow? Glad you asked! Escrow is a neutral third party that holds funds or documents during...

What is an Escrow Account? Ocean State Buyers explains it best!

What exactly is Escrow account? Glad you asked! An escrow account is a bank account set up by a...

What is Dual Agency? Ocean State Buyers explains it best!

What exactly is Dual agency? Glad you asked! Dual agency is a real estate practice where a single agent...

What is Dual Tracking? Ocean State Buyers explains it best!

What exactly is Dual tracking? Glad you asked! Dual tracking is a mortgage servicing practice where a lender pursues...

What is Due Diligence? Ocean State Buyers explains it best!

What exactly is Due diligence? Glad you asked! Due diligence is the process of conducting a thorough investigation and...

What is a Duplex? Ocean State Buyers explains it best!

What exactly is Duplex? Glad you asked! A duplex is a type of residential property that consists of two...

What is Earnest Money? Ocean State Buyers explains it best!

What exactly is Earnest money? Glad you asked! Earnest money is a deposit made by a buyer to show...

What is an Earnest Money Deposit? Ocean State Buyers explains it best!

What exactly is Earnest money deposit? Glad you asked! An earnest money deposit is a deposit made by a...

What is an Easement? Ocean State Buyers explains it best!

What exactly is Easement? Glad you asked! An easement is a legal right to use or access a portion...

What is Economic Obsolescence? Ocean State Buyers explains it best!

What exactly is Economic obsolescence? Glad you asked! Economic obsolescence is a decrease in the value of a property...

What is Eminent Domain? Ocean State Buyers explains it best!

What exactly is Eminent domain? Glad you asked! Eminent domain is the government’s right to take private property for...

What is Encroachment? Ocean State Buyers explains it best!

What exactly is Encroachment? Glad you asked! Encroachment occurs when a portion of a property, such as a building...

What is Deed in Lieu of Foreclosure? Ocean State Buyers explains it best!

What exactly is Deed in lieu of foreclosure? Glad you asked! A deed in lieu of foreclosure is a...

What is a Deed of Trust? Ocean State Buyers explains it best!

What exactly is Deed of trust? Glad you asked! A deed of trust is a legal document used in...

What is a Deed Restriction? Ocean State Buyers explains it best!

What exactly is Deed restriction? Glad you asked! A deed restriction is a legal agreement or condition placed on...

What is Default? Ocean State Buyers explains it best!

What exactly is Default? Glad you asked! Default occurs when a borrower fails to make their payments on a...

What is a Defeasance Clause? Ocean State Buyers explains it best!

What exactly is Defeasance clause? Glad you asked! A defeasance clause is a provision in a mortgage or loan...

What is a Deficiency Judgment? Ocean State Buyers explains it best!

What exactly is Deficiency judgment? Glad you asked! A deficiency judgment is a legal judgment obtained by a lender...

What is Depreciation? Ocean State Buyers explains it best!

What exactly is Depreciation? Glad you asked! Depreciation is the decrease in value of an asset over time due...

What is Depreciation Recapture? Ocean State Buyers explains it best!

What exactly is Depreciation recapture? Glad you asked! Depreciation recapture is a tax provision that requires a property owner...

What is a Down Payment? Ocean State Buyers explains it best!

What exactly is Down payment? Glad you asked! A down payment is the initial payment made by a buyer...

What is Down Payment Assistance Program? Ocean State Buyers explains it best!

What exactly is Down payment assistance program? Glad you asked! A down payment assistance program is a program that...

What is a Conventional Mortgage? Ocean State Buyers explains it best!

What exactly is Conventional mortgage? Glad you asked! A conventional mortgage is a mortgage loan that is not insured...

What is Conveyance? Ocean State Buyers explains it best!

What exactly is Conveyance? Glad you asked! Conveyance is the transfer of ownership of a property from one party...

What is a Cooperative? Ocean State Buyers explains it best!

What exactly is Cooperative? Glad you asked! A cooperative, or co-op, is a type of housing where residents own...

What is a Counteroffer? Ocean State Buyers explains it best!

What exactly is Counteroffer? Glad you asked! A counteroffer is a response to an initial offer in a negotiation...

What is a Covenant? Ocean State Buyers explains it best!

What exactly is Covenant? Glad you asked! A covenant is a legal agreement or promise between parties, typically in...

What is a Credit Report? Ocean State Buyers explains it best!

What exactly is Credit report? Glad you asked! A credit report is a report that details a person’s credit...

What is Curb Appeal? Ocean State Buyers explains it best!

What exactly is Curb appeal? Glad you asked! Curb appeal refers to the attractiveness of a property from the...

What is Debt Service Coverage Ratio? Ocean State Buyers explains it best!

What exactly is Debt service coverage ratio? Glad you asked! Debt service coverage ratio, or DSCR, is a ratio...

What is Debt-to-Income Ratio? Ocean State Buyers explains it best!

What exactly is Debt-to-income ratio? Glad you asked! Debt-to-income ratio, or DTI, is a ratio used to determine a...

What is a Deed? Ocean State Buyers explains it best!

What exactly is Deed? Glad you asked! A deed is a legal document that transfers ownership of a property...

What is a Contingent Fee? Ocean State Buyers explains it best!

What exactly is Contingent fee? Glad you asked! A contingent fee is a fee paid to a lawyer or...