A clause in a deed or lease that denies the buyer or lessor full rights to the property in question. The amount of payment withheld from contractors or subcontractors per contractual agreement to ensure final and satisfactory completion of a job. A planned community for those of retirement age providing attractively sized and priced dwelling units and offering construction features, amenities and locations for aging residents. Equity divided by cash flow. The ratio of cash flow to the equity investment.
Lenders offer RAMs to elderly homeowners with high equity and low cash flow.
A right to future possession retained by an owner at the time of a transfer of an owner's interest in real property. The estimated value of a property at a specified future date. A clause providing that any violations of restrictions will cause title to the property to revert to the party who imposed the restrictions. The pool is replenished through borrower paybacks. In secondary marketing, a situation in which one securities contract is priced relatively higher than another.