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Commercial real-estate market faces worsening slump - Inland Valley Daily BulletinLike the housing market, the Inland Empire's commercial real estate market could become the poster child of a worsening nationwide commercial slump. "2009 should be a challenging year for owners," said David Salazar, managing director at ...
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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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