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  2. Estoppel certificate - Wikipedia

    en.wikipedia.org/wiki/Estoppel_certificate

    An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and residential transactions.

  3. Due diligence - Wikipedia

    en.wikipedia.org/wiki/Due_diligence

    Due diligence can be a legal obligation, but the term more commonly applies to voluntary investigations. It may also offer a defence against legal action. A common example of due diligence is the process through which a potential acquirer evaluates a target company or its assets in advance of a merger or acquisition. [1]

  4. Phase I environmental site assessment - Wikipedia

    en.wikipedia.org/wiki/Phase_I_environmental_site...

    SBA Phase I Environmental Site Assessment means all properties purchased through the United States Small Business Administration's 504 Fixed Asset Financing Program require specific and often higher due diligence requirements than regular Real Estate transactions. Due diligence requirements are determined according to the NAICS codes associated ...

  5. Property condition assessment - Wikipedia

    en.wikipedia.org/wiki/Property_condition_assessment

    Property condition assessments (PCAs) (also known as the property condition report, or PCR) are due diligence projects associated with commercial real estate.Commercial property and building inspections are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply maintaining.

  6. Re-trade - Wikipedia

    en.wikipedia.org/wiki/Re-trade

    In troubled real estate markets, like that experienced in the Great Recession of the late 2000s, it was common for some buyers to intentionally misuse the due diligence process and to initially offer a higher price than they are actually willing to pay in order to control the property and renegotiate later. [4]

  7. How to buy a house from a family member - AOL

    www.aol.com/finance/buy-house-family-member...

    Pros of buying a family member’s home. Commission savings: If you and a trusted family member agree to a sale, you might be able to eliminate the need for real estate agents.Considering that the ...

  8. What is a preferred lender? Should I take my Realtor’s ...

    www.aol.com/finance/preferred-lender-realtor...

    “A preferred lender is one that real estate agents prefer to work with,” says Mike Roberts, a mortgage broker and co-founder of City Creek Mortgage in Draper, Utah.

  9. Commercial mortgage - Wikipedia

    en.wikipedia.org/wiki/Commercial_mortgage

    Lenders typically do thorough extreme due diligence on a proposed commercial mortgage loan prior to funding the loan. Such due diligence often includes a site tour, a financial review, and due diligence on the property's sponsor and legal borrowing entity. Lenders look at credit score, bank statement, time-in-business, and annual revenue as well.