Real Estate
Glossary
This glossary has been provided to help Colorado Springs
homebuyers understand the unique language
of the real estate business.
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Capital means the amount of money which you invest in the business
to create income. The whole some of amount accumulated by a
person is also called Capital.
Cash-out refinance:
Cash-out refinance is a refinance transaction where the borrower
gets additional money which is needed to repay the existing first
mortgage.
Corporation:
Corporation is an entity which is authorized by the law and set
by a group of people. It is endowed with certain rights and privileges
but it has some duties also.
Conservator:
Conservator is a person who is appointed by the court to take
care of the property of an incompetent person who is unable to
take care of his property due to his bad health.
Collateral Security:
Collateral Security means some additional security provided by
the borrower. Here the lender is given the right to sell the
property to repay the debt if the borrower can not repay his
debt.
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