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The Reluctant Billionaire - ForbesJeff Greene got rich investing in real estate and superrich betting against it. These days his contrarian instincts have him buying distressed assets and hoarding cash. If the rich are truly an eccentric bunch, newly minted Forbes 400 member Jeffrey ...
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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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