The form used to includes regarding income, savings, assets, debts, and more. Appraisal A written justification of value of a property, usually based on an analysis of the price paid for similar properties in the area. The increase in the value of a property over time, usually due to changes in market conditions, inflation, or improvements. The valuation placed on property for the purpose fixing the amount property taxes. The process of setting the value of a property for tax purposes.
Bank accounts, stocks, bonds, mutual funds, real estate, personal property, etc.
Assignment Transfer of ownership from one individual or company to another. Lenders often assign mortgages which they make to Fannie Mae or other entity which specializes in buying mortgages. Assumable Mortgage A mortgage which can be assumed by the buyer when a home is sold. Not commonly available in recent years. The process of assuming a mortgage.