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Housing stories and features - Orlando SentinelTo the relief of landowners, some of whom had driven for hours or flown in from out of town, the Deltona City Commission killed a tax plan that would have slapped about 200 property owners with a total of $83 million in taxes over 30 years. As ...
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Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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