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Contract for exchange of real estate
| Глоссарий в сфере недвижимости и ипотеки |
A contract for the sale of real estate in which the consideration is paid wholly or partly in real property instead of cash.
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Consideration, испанский
The cause, price, or impelling influence which makes a party enter into a contract
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Earnest money contract (emc), английский
A contract for the sale or purchase of real estate in which the purchaser is required to tender earnest money to evidence good faith in completing the contractual obligations. also see sales contract and promulgated contracts.
Lock or lock in, английский
A commitment you obtain from a lender assuring you a particular interest rate or feature or a definite time period. provides protection should interest rates rise between the time you apply for a loan, acquire loan approval, and, subsequently, close the loan and receive the funds you have borrowed.
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