Helpful Articles

Article on Mar 26, 2022

Can You Live In A 1031 Exchange Property?

You may have invested in a 1031 exchange and are now considering converting the property into a primary residence; however,...

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Delaware Statutory Trust vs. Triple Net Lease

Commercial real estate is one of the most sought-after investments these days as it offers high income, appreciation potential, and...

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Article on Mar 12, 2022

1031 Exchange Real Estate Basics

Section 1031 of the Internal Revenue Code begins with, “No gain or loss is recognized if…”. Of course, there is...

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Glossary Definitions

FHA mortgage

A mortgage that is insured by the Federal Housing Administration (FHA). Along with VA loans, an FHA loan will often be referred to as a government loan.

fee simple estate

An unconditional, unlimited estate of inheritance that represents the greatest estate and most extensive interest in land that can be enjoyed. It is of perpetual duration. When the real estate is in a condominium project, the unit owner is the exclusive owner only of the air space within his or her portion of the building (the unit) and is an owner in common with respect to the land and other common portions of the property.

fee simple

The greatest possible interest a person can have in real estate.

Federal Housing Administration (FHA)

An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring of residential mortgage loans made by private lenders. The FHA sets standards for construction and underwriting but does not lend money or plan or construct housing. (top)

Fannie Mae’s Community Home Buyer’s Program

An income-based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low- or moderate-income family’s buying power and to decrease the total amount of cash needed to purchase a home. Borrowers who participate in this model are required to attend pre-purchase home-buyer education sessions.

Fannie Mae (FNMA)

The Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company that is the nation’s largest supplier of home mortgage funds. For a discussion of the roles of Fannie Mae, Freddie Mac (FHLMC), and Ginnie Mae (GNMA), see the Library.

fair market value

The highest price that a buyer, willing but not compelled to buy, would pay, and the lowest a seller, willing but not compelled to sell, would accept.

Fair Credit Reporting Act

A consumer protection law that regulates the disclosure of consumer credit reports by consumer/credit reporting agencies and establishes procedures for correcting mistakes on one’s credit record.

executor

A person named in a will to administer an estate. The court will appoint an administrator if no executor is named. “Executrix” is the feminine form. (top)

exclusive listing

A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time.

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Helpful Articles

Can You Live In A 1031 Exchange Property?

Delaware Statutory Trust vs. Triple Net Lease

1031 Exchange Real Estate Basics

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

[email protected]

Book A Strategy Call

25511 Budde Road, Suite 1002
The Woodlands, Texas 77380

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Helpful Articles

Can You Live In A 1031 Exchange Property?

Delaware Statutory Trust vs. Triple Net Lease

1031 Exchange Real Estate Basics

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

[email protected]

Book A Strategy Call

25511 Budde Road, Suite 1002 The Woodlands, Texas 77380

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25511 Budde Road, Suite 1002
The Woodlands, Texas 77380