Champions Principles Of Real Estate 2 Study Guide Graded A+

Loan-to-Value Ratio (LTV) {Ans: The percentage of value or sales price that a lender is willing to finance.}types of changes in the ownership of the property {Ans: changes in property may be: involuntary or voluntary} {Ans: }External Obsolescence {Ans: Losses of property value caused by forces or conditions beyond the borders of the property. ie. zoning, highways}Servicing {Ans: The process of collecting loan monthly payments, keeping records and balances, collecting and paying taxes and insurance}taxation {Ans: govt right to tax real estate}