Las Vegas Real Estate Glossary S
(Sale-leaseback - Single-family Properties)
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A technique in which a seller deeds property to a buyer for a consideration,
and the buyer simultaneously leases the property back to the seller.
Individual employed in selling a product or service.
The amount of money that is paid by a purchase to a seller for an object
that is bought.
A mortgage that has a lien position subordinate to the first mortgage.
Secondary Mortgage Market
The buying and selling of existing mortgages.
A loan that is backed by collateral.
The property that will be pledged as collateral for a loan.
An agreement in which the owner of a property provides financing, often
in combination with an assumable mortgage. See owner financing.
An organization that collects principal and interest payments from borrowers
and manages borrowers escrow accounts. The servicer often services
mortgages that have been purchased by an investor in the secondary mortgage
The collection of mortgage payments from borrowers and related responsibilities
of a loan servicer.
One- to four-unit properties including detached homes, townhomes, condominiums,