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The California Department of Real Estate ( DRE) is a California state agency focused on safeguarding and promoting the public interest in real estate matters through licensure, regulation, education, and enforcement. Employees headquartered in Sacramento and in district offices in Oakland, Fresno, Los Angeles, and San Diego carry out the DRE's ...
Indio (Spanish for "Indian") is a city in Riverside County, California, United States, in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, 148 miles (238 km) northeast of San Diego, 250 miles (400 km) west of Phoenix, and 102 miles (164 km) north of ...
In real estate, creative financing is non-traditional or uncommon means of buying land or property. The goal of creative financing is generally to purchase, or finance a property, with the buyer/ investor using as little of his own money as possible, otherwise known as leveraging. Using these techniques an investor may be able to purchase ...
Reverse mortgage. A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes or ...
Key takeaways. FHA 203 (k) loans provide funding to finance both a home's purchase and the cost of repairing it. If you qualify, you can obtain one from an FHA-approved lender. This type of loan ...
Burbank is a city in the southeastern end of the San Fernando Valley in Los Angeles County, California, United States. Located 12 miles (19 km) northwest of downtown Los Angeles, Burbank has a population of 107,337. [8] The city was named after David Burbank, who established a sheep ranch there in 1867. [9]
Loan origination. Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process.
A real estate mortgage investment conduit ( REMIC) is "an entity that holds a fixed pool of mortgages and issues multiple classes of interests in itself to investors" under U.S. Federal income tax law and is "treated like a partnership for Federal income tax purposes with its income passed through to its interest holders".