|
| Home Improvement Maryland |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
GARNISHMENT A legal process designed to provide a means for creditors to safeguard for themselves the personal property of a debtor which is in the hands of a third party ("garnishee"). HUD A federal cabinet department officially known as the Department of Housing and Urban Development. DEVELOPER One who attempts to put land to its most profitable use by the construction of improvements. VERIFICATION OF EMPLOYMENT (VOE) Document signed by the borrower's employer verifying the borrower's position and salary. ACCRUED INTEREST Interest earned but not yet paid. FLOOR DUTY A frequent practice in real estate brokerage offices of assigning one sales agent the responsibility for handling all telephone calls and office visitors for a specified period of time. ASSUMPTION OF MORTGAGE The act of acquiring title to property which has an existing mortgage on it and agreeing to be personally liable for the terms and conditions of the mortgage, including payments. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |