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Latest video published 9/3/2019
- Repayment Variations: Adjustable Rate Mortgage
Periodic adjustments to the interest rate under an adjustable rate mortgage (ARM).
- Word-of-the-Week: Hypothecation
Hypothecation is defined as the pledge of something as security without the necessity of giving up possession.
- Word-of-the-Week: Conflict of Interest
A conflict of interest is when a broker or their agent has a competing professional or personal bias which hinders their ability to fulfill their fiduciary duties.
- Straight Notes
Use of a straight note to call for the entire amount of principal to be paid in a single lump sum due at the end of a period of time.
- Installment Notes: Interest-Included and Interest-Extra
Use of interest-included and interest-extra installment notes to set the repayment schedule of debt.
- Word-of-the-Week: Appraisal
An appraisal is an individual's opinion or estimate of a property's value on a specific date, reduced to writing in an appraisal report.
- Introduction to Promissory Notes
Types of promissory notes and the function of usury law to prevent exorbitant interest rates and bad lender behavior.
- Word-of-the-Week: Force Majeure
Force majeure is an unanticipated event which renders a transaction participant unable to fill their contractual obligations.
- Evidence of the Debt
Use of a promissory note to evidence the borrower’s promise to pay
- Word-of-the-Week: Blockbusting
Blockbusting is the prohibited practice of inducing a property owner to list their property for sale in response to a change taking place in the neighborhood demographics.
