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Fair market value
The peak price that a buyer, keen but not bound to purchase, would pay, and the lowest a seller, keen but not bound to sell, would accept.
Finance charge
The amount paid for the privilege of deferring payment of goods or services bought, comprising any charges owed by the purchaser as a condition of the loan.
Fee simple estate
An unreserved, unlimited estate of inheritance, which represents the most estate and most wide interest in land that could be enjoyed. It is of continuous duration.
First Mortgage
It is a mortgage that carries priority over other mortgages. Top
It is a mortgage that carries priority over other mortgages.
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