Helpful Articles

Article on Feb 19, 2022

1031 Exchange Requirements

The 1031 Tax Deferred Exchange has been a foundational part of our tax code for almost 100 years dating back...

Daniel Goodwin

Article on Feb 1, 2022

What Does DST “Sponsor” Mean?

Yesterday in a client meeting, our team referred several times to the word “sponsor” related to Delaware Statutory Trusts (DST’s)....

Daniel Goodwin

Delaware Statutory Trust and Hot Real Estate Market

Article on Jan 14, 2022

The Problem With Today’s Hot Real Estate Investment Market

With prices this high, it’s tempting to cash out of a real estate investment right now. But if you want...

Daniel Goodwin
Published by Kiplinger

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Common Questions

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Glossary Definitions

examination of title

The report on the title of a property from the public records or an abstract of the title.

eviction

The lawful expulsion of an occupant from real property.

estate

The ownership interest of an individual in real property. The sum total of all the real property and personal property owned by an individual at time of death.

escrow disbursements

The use of escrow funds to pay real estate taxes, hazard insurance, mortgage insurance, and other property expenses as they become due.

escrow analysis

Once each year your lender will perform an “escrow analysis” to make sure they are collecting the correct amount of money for the anticipated expenditures.

escrow account

Once you close your purchase transaction, you may have an escrow account or impound account with your lender. This means the amount you pay each month includes an amount above what would be required if you were only paying your principal and interest. The extra money is held in your impound account (escrow account) for the payment of items like property taxes and homeowner’s insurance when they come due. The lender pays them with your money instead of you paying them yourself.

escrow

An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the earnest money deposit is put into escrow until delivered to the seller when the transaction is closed.

equity

A homeowner’s financial interest in a property. Equity is the difference between the fair market value of the property and the amount still owed on its mortgage and other liens.

Equal Credit Opportunity Act (ECOA)

A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.

encumbrance

Anything that affects or limits the fee simple title to a property, such as mortgages, leases, easements, or restrictions.

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Helpful Articles

1031 Exchange Requirements

What Does DST “Sponsor” Mean?

The Problem With Today’s Hot Real Estate Investment Market

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

Resources

Helpful Articles

1031 Exchange Requirements

What Does DST “Sponsor” Mean?

The Problem With Today’s Hot Real Estate Investment Market

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