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"AMPS" to begin with stands for "Assignment of Mortgage Property System". It's a very interesting concept though for the troubled property owners and the desperate buyers.
Today, if we see the real estate market, there are number of properties that go underwater, in other terms their mortgage value is much higher than their market price. Hence, such property owners are troubled seeking a buyer and to save their pocket, their property mostly goes for foreclosure.
On the other hand we have buyers who are interested to buy properties but can't avail loan due to unstable bank records or defaulters or for various other reasons. Now this is where the 'AMPS" comes in the role. This is the bridge between such property owners and this buyer. This payment system between them is known as "AMPS' and the house is also spared from foreclosure. Until the payments are cleared, the property owner remains the said owner and also has his name intact in the property deed.
What else can I help you with?
What is a Real State Agent?
Real estate agent - A person who is authorized and experienced in the buying and selling of real estate property. Real estate agent is provide all details about real estate property value, demands, all guidline and rules of all type of proeprty.
What do you call someone who sells real estate?
A person who sells real estate is called a real estate agent or real estate agent. These professionals are licensed to facilitate the purchase and sale of real estate. Real estate agents play a critical role in the transaction process by helping clients navigate complex markets, negotiate deals, and ensure regulatory compliance. They often work for real estate agencies and earn commissions based on successful real estate transactions. Their expertise and knowledge of the local market make them valuable partners for individuals looking to buy or sell real estate.
Where can one find Scottsdale Arizona real estate?
One can find Scottsdale, Arizona real estate from real estate agents in Arizona and online real estate agents with search capabilities. some real estate agents are Trulia, Realtor, Scottsdale Homes and Scottsdale Real Estate. Real estate can also be found in local and national newspapers.
What does off the market in real estate mean?
What does off the market really mean does it mean that the house is sold or is awaiting to be closed on.
What does premium listing mean in real estate?
A premium listing is an enhanced advert on the Rightmove site.
What has the author Virginia L Lawson written?
Virginia L. Lawson has written: 'AMP Real estate exam prep' -- subject(s): Examinations, questions, Licenses, Real estate agents, Real estate business, Real property
What does BOE mean in real estate?
boe
What does NOI mean in real estate?
by the space
What does pending in real estate mean?
What does option pending mean?
What does real estate lease type RSF mean?
In real estate, RSF means rentable square feet.
What does real estate taxes mean?
The term "real estate taxes" means the taxes on the property that you own. Your real estate is the property itself. This tax is generally payed annually to your county.
In real estate what does LOB mean?
It could mean, "Line of Business".
What does ERA mean to a real estate broker?
Its the name of a real estate company. ERA. Not sure what that actually stands for though. sorry.
What does 'near freeway' mean in real estate?
That means that the real estate is located near the freeway. Freeway is synonymous with highway or expressway.
What is the meaning of utilities amp what is an amp when dealing with real estate or housing?
This is likely to refer to an Asset Management Plan. Utility companies have a large number of assets and often use the acronym AMP to refer to their management and future development. Naturally, this includes real estate. In the UK, AMP is often used to refer to the Water Regulator's (OFWAT's) Asset Management Plan. For example, AMP5 refers to the 5 year planning period for 2010-2015.
When a condo is off the market in real estate language what does this mean?
In real estate language this means that there is no active listing for the condominium, advertising it for sale.
Real estate---- What does the abbreviation 'pchg' mean?
Price change
