"S" Listings - Mortgage Glossary
- Safe Rate – The rate of interest paid on government bonds, utility bonds or bank savings...
- Sales Broker – Broker who specializes in selling properties...
- Sales Comparison Value – One of the three appraisal methods where an estimate of value is obtained...
- Satisfaction of Mortgage – Recording the document that acknowledges the full repayment of the debt...
- SBA Financing – Financing provided or guaranteed in part by the Small Business Administration...
- Second Mortgage – A secondary lien placed up on a property that is explicitly subordinate to the first mortgage...
- Secondary Mortgage Market – A market for the purchase and sale of existing mortgages...
- Sector Growth Theory – A theory of city growth that considers the city as a circle...
- Securitization – The act of pledging or putting up something of value...
- Security – Anything pledged of value to make certain that an obligation or the payment of a debt is fulfilled...
- Self Storage – A sub classification of industrial commercial property type or building type characterized by its usage for self storage purposes...
- Self Amortizing Mortgage – Also known as an interest only loan that will eliminate itself by regular principal and interest payments...
- Seller Contributions – Closing costs paid by seller in an effort to just get the property sold...
- Servicer – Institution acting for the benefit of the certificate holders in the administration and
servicing of mortgage loans...
- Settlement Services – Services performed to close a mortgage loan, including attorney services...
- Site Analysis – Analysis of a site for a given business enterprise...
- Site Feasability – Analysis of whether a given site could prove profitable...
- Sole Proprietorship – The simplest and easiest business entity to have, since it requires no legal costs upfront...
- Sprinklered – Identifies whether all areas of the building are sprinklered; a sprinkler system is typically
an automatic...
- Stabalized Operating Property – Means that the income generated on an annual basis...
- Standard && Poor's – A collection of market capitalization-weighted benchmark indices...
- Standard Deviation – The square root of the variance...
- Standard Industrial Classification – (SIC) A code system that designates a unique business activity classified by industry...
- Strip Center – A retail property subtype in which the property is occupied by one or more anchor
tenants...
- Survey – The method by which a surveyor of real property identifies the boundaries of a parcel of land...
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