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B'KLYN GETS APPLE, BARNEYS - New York PostAPPLE and Barneys Co-op are both negotiating for their first stores in Brooklyn. Sources said the two retailers have been in ongoing discussions to locate to the new residential property The Edge in Williamsburg, which will have 75,000 feet of new ...
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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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