"My name is Trina and after calling and requesting a foreclosure list from CRN I found a home that I had already looked at under foreclosure. The asking cost at the time was over $200,000. I got the house for less than $150,000 with 3 beds, 2 1/2 baths, and over 3.4 acres of land and a load of opportunities. I am very pleased with the program. Thanks so much."

- Trina T

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Glossary of Terms


We have compiled a list of the most common real estate terms and definitions to assist you in your search for a home. Whether you are a buyer or seller of real estate it is easy to get confused by the language used in real estate transactions. With our comprehensive real estate glossary you can easily navigate through the complicated world of buying and selling a home.

Click in the letter below to see the glossary

A:B:C:D:E:F:G:H:I:J:K:L:M:N:O:P:Q:R:S:T:U:V:W:X:Y:Z


I


income property
Real estate developed or bought for the purposes of generating income.
insurance
Owners and buyers can purchase various types of insurance including hazard, private mortgage, and earthquake. The policies guarantee compensation for specific losses.
interest rate
The fee, expressed as a percentage, charged for a loan. The interest rate also helps determine the monthly payment. For adjustable-rate loans, the interest rate may change from its initial level.
investment property
Any piece of property that is expected to generate a financial return. This may come as the result of periodic rents or through appreciation of the property value over time.