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Redlining in real estate refers to when a lender denies mortgage loans, or charges more for mortgage loans, based on a particular geographic location, such as a neighborhood. The term "redlining" was coined by John McKnight in the 1960s and is used because it represents categorizing areas where banks would not lend by drawing a red line on a map around such a neighborhood. The practice is illegal because the criteria for extending credit is supposed to be based on financial characteristics of the individual, not on where the individual lives. Lenders who practiced redlining in the past often used it to discriminate against lower income neighborhoods, which typically housed minority populations.
What else can I help you with?
What does a real estate do on tiny tower?
A real estate on tiny tower would move a bitizens into any apartment you pick. If the apartment is full, then nothing happens.
How long is real estate course in Texas?
The fastest way to finish your real estate course is through online real estate schools. Texas Real Estate Commission (TREC) requires 210 hours of real estate education for you to be a licensed real estate agent. If you have college credit then all you need is 150 hours of real estate education. I have attached some useful reference that you can check out if you want to pursue a career in real estate.
Does Cuba have real estate agents?
Yes, there are real estate agents in Cuba. But purchasing or selling real estate in Cuba can be complicated due to the rules and procedures involved. Contact Remaxstar Estate Agents Ilford at estateagentsilford.co.uk for assistance with real estate transactions in Ilford, United Kingdom.
Do you have any real estate courses?
No. Answers.com does not offer real estate courses.
When was GMAC Real Estate created?
GMAC Real Estate was created in 1998.
When real estate under an estate for years is sold what happens to the lease?
lease is subject to termination with proper notice
What does a real estate do on tiny tower?
A real estate on tiny tower would move a bitizens into any apartment you pick. If the apartment is full, then nothing happens.
How does my real estate tax increase?
Your real estate tax can increase whenever one of four things happens: (1) your real estate assessment increases (usually a result of increased market value of real estate); (2) the taxing agencies increase the real estate tax rates that are levied against real estate assessments; (3) you no longer qualify for an assessment or real estate tax abatement, deferral, or exemption; and (4) changes in real estate tax laws or sunset legislation no longer allows assessment or real estate tax caps to apply. A combination of one or more of these can also occur. For example, real estate assessments can decline as a result of weakness in the real estate market but tax rates increase so that the actual amount of real estate taxes you pay will be more than the previous year.
real estate?
real estate
What has the author Ernie Jowsey written?
Ernie Jowsey has written: 'Real estate economics' -- subject(s): Real estate development, Residential real estate, Commercial real estate, Real estate investment, Real estate business
What happens when the real estate does not want to fix the deed?
If there is a problem with the deed to a property usually the buyer/owner of the real estate will have title insurance that will clear up any deed issues. The real estate company or agent can do nothing about fixing a deed except to refer a client to a real estate attorney. Real estate agents are not attorneys (unless they do have a law degree and have passed the bar) and can get in serious trouble for offering legal advice to their principals.
What happens if estate is never settled and person died intestate?
If a person dies intestate owning real estate an administration of the estate must be filed in order to vest title to the real estate in the heirs. Until that is done, the heirs don't legally own the property and it cannot be sold or mortgaged.
What is NIREM?
NIREM is the short form of IDS National Institute of Real Estate Management which is a management institute. It offers educational programs and courses in different areas of real estate such as real estate management, real estate marketing, real estate sales, real estate finance, real estate investment, real estate appraisal etc at the levels of PG Diploma and Diploma. It also offers certificate in real estate management. Apart from the above, NIREM also conducts management development programs in real estate. probably the first institute in India that offers real estate education.
What happens if nobody bids on foreclosure?
The bank who forecloses becomes the owner of the real estate. They then sell the property as an "REO asset" to try and get the money back to payoff the mortgage. REO stands for "real estate owned."
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.
Do you have to pass a real estate test in Virginia to sale realestate in Virginia?
If you want to deal with real estate business you must have real estate license. In order to get real estate license you need to pass a real estate exam in Virginia. You need to complete minimum 60 hours in the principles of real estate. You must have to pass the state & national portions of the real estate exams. You need to know all the fundamentals & real estate laws. After getting you real estate license you can join any commercial real estate firm or property management company to deal with commercial real estate property or residential real estate property. All the Best. www.flaglerdev.com
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.
