Essentials of Real Estate Investment, 10th Edition

Containing in-depth and easy-to-understand coverage of the real estate finance industry, this classic text has trained more than 70,000 real estate professionals. Essentials of Real Estate Finance can be used for prelicensing students or in semester-length courses in two- and four-year colleges. Features include “In Practice” and “For Example” sections, review questions with detailed answer rationales, and Instructor Resources. Contents: The Nature and Cycle of Real Estate Finance - Money and the Monetary System - Additional Government Influence - The Secondary Mortgage Market - Sources of Funds: Institutional, Non-Institutional, and Other Lenders - Instruments of Real Estate Finance - Real Estate Financing Programs - Government Loans - Processing Real Estate Loans - Defaults and Foreclosures - Appendix A: Good Faith Estimate (GFE) - Appendix B: Settlement Statement (HUD-1) - Appendix C: Promissory Note Secured by Deed of Trust - Appendix D: Note & Deed of Trust Purchase Agreement - Appendix E: Note & Mortgage Purchase Agreement - Appendix F: Fixed/Adjustable Rate Note - Appendix G: Uniform Residential Loan Application - Appendix H: Request for Verification of Deposit - Appendix I: Request for Verification of Employment - Appendix J: Sample Credit Report - Appendix K: Uniform Residential Appraisal Report - Glossary - Answer Key - Index