To deliver the best experience we store cookies on your device. Please accept our Term of Service to continue.

What is an Addendum in Real Estate?

A modification or revision to the executed Purchase And Sale Agreement (the "Agreement") where the Parties (Buyer and Seller) agree to change one or more terms of the sale. This is common after an inspection or in the event there is a delay that prevents the transaction from closing by the original Close By date.

What is REIA in real estate?

REIA stands for Real Estate Investors Association. This is a local network of real estate investors ...

What is Amortization Schedule in real estate?

Mortgage loans are repaid over time, usually in equal monthly installments, based on an amortization...

What is Mortgage Forbearance in real estate?

Mortgage forbearance is a program most lenders and servicers offer to homeowners to temporarily paus...