A homeowner’s association, or HOA, is an organization within a subdivision, planned community, or condo building that makes and enforces specific rules for the properties and residents. A homeowner’s association (HOA) is usually found when you

Total number of homes sold during a given time period.

Homeowner’s insurance is a type of property insurance that covers losses and damages to a house, as well as assets within the home. When you purchase a home, it’s also necessary to purchase homeowner’s insurance

The total number of homes that were pulled off the market during a given time period.

Total number of active listings currently on the market within a given time period.

Judicial foreclosures require all foreclosures go through the court system to confirm the debt is in default before putting the property up for auction. The goal of judicial foreclosures is to protect property owners

A jumbo mortgage, or jumbo loan, is a home loan for an amount that exceeds the conforming loan limit set on mortgages eligible for purchase by Fannie Mae and Freddie Mac, the government-sponsored enterprises

A lease option is like rent-to-own for real estate. It gives the lessee the ability to lease property with the option to buy.

In real estate, the lender refers to the individual, financial institution, or private group lending mortgage money to a buyer to purchase property with the expectation the loan will be repaid with interest, in

A property lien is a legal claim on assets that allows the holder to obtain access to the property if debts are not paid. These can be granted for repossessing property, including a home,

A life cap refers to the maximum amount an interest rate on an adjustable rate loan can increase over the lifetime of the loan. A life cap is also known as an absolute interest

While real estate agents focus on the buying and selling of a certain property, loan officers deal with the financial side of obtaining a mortgage. A loan officer will help you make sound financial