Albuquerque Real Estate Glossary A
(Approved - Assumption Fee)
| A3 | A4 | B1
| B2 | B3 | C1
| C2 | C3 | D1
| D2 | E1 | E2
| F1 | F2 | F3
G1 | G2 | H1
| H2 | I1 | I2
| J | K | L1
| L2 | L3 | M1
| M2 | M3 | N
| O1 | O2
| P1 | P2 | Q
| R1 | R2 | S1
| S2 | T1 | T2
| U | V1 | V2
| W1 | W2 | X
| Y | Z
Term used to indicate that a particular installation has been found
to be in line with regulations, such as the building code, by a governing
body. Also refers to a building project that has received all regulatory
authorization required for construction to proceed.
Seller's initial price asked for a property.
Item of value, i.e. cash, securities, investments, real estate, etc.
The transfer of the sellers existing mortgage to the buyer. See
Provision allowing a buyer to take over transfer of the mortgage, which
is held by the seller.
Fee the lender charges to process the paperwork for the buyer assuming
the existing loan.