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Mortgage Professor about house depreciation: 
How Much of Your House Does an Investor Deserve?
1 August 2005 "I have a friend who wants to put up the 20% down payment I need to purchase my house. It would be an investment by him, which he would recover when I sell the house or in 7 years, whichever comes first. Our problem is in determining the percent of the house ... more...

Are House Seller Contributions Kosher?
July 10, 2000  ?I offered $289K for a house but was not able to make a down payment.  The seller?s realtor told me that so long as I could pay all the closing costs, they would find a way to contribute 5% toward a down payment.   When we sat down to sign the ... more...

house depreciation related definitions

Depreciation
Depreciation Decline in the value of a house due to wear and tear, obsolescence, adverse changes in the neighborhood, or any other reason. Depreciation is treated as an expense and is a line item on an income statement. Depreciation can only be applied to the building and not ... more...

Homestead
Homestead Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts. Some states grant statutory exemptions, protecting homestead ... more...

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Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...


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