Before-tax income Total income before taxes are deducted. The lender who makes a loan, also called a mortgagee. The person borrowing money is the mortgagor. Bequest Personal property given to a person through a will. Betterment An improvement that increases a property's value as opposed to repairs that maintain the value.
Bidding war Offers from multiple buyers for a piece of property.
Agents also sometimes compete to list a house for sale. A contract in which the parties involved give mutual promises. Bill of sale A document that transfers ownership of personal property. Binder A report issued by a title insurance company that details the condition of a home's title. and provides guidelines for a title insurance policy. Biweekly mortgage A mortgage that requires payments every two weeks and helps repay the loan over a shorter term.