OfflineGLOSSARY of real estate acronyms. Someone had mentioned it was hard to follow when just acronyms were used in posts. If you want to add to or have a question, leave a post and we'll edit it in.
*********************************
AFD = Agreement For Deed
AFF = Automated Foreclosure Finder
AITD = All Inclusive Trust Deed
AMR = Anticipated Market Value
APN# = Assessors Parcel Number
APR = Annual Percentage Rate
ARM = Adjustable rate mortgage
ARV = After Repair Value
ASP = Anticipated Selling Price
BARM = Be a Real Estate Millionaire (Dean's book. JUST in case anyone didn't know 
)
BOM = Back On Market
BOR = Board of Realtors
BPO = Broker's Price Opinion
CAD = County Appraisal District
Cap = Capitalization
CAP = Cap Rate (NOI / Price)
CCIM = Certified Commercial Investment Member
CCR = Conditions, Covenants, and Restrictions
CDA = Confidential Disclosure Agreement
CFD = Contract for Deed
CLTV = combined loan to value. This is if you have a 1st and 2nd or HELOC on your home, it is the combined amount owned compared to the value of your home.
CMA = Comparative Market Analysis
COCR = Cash on Cash Return
COE = Close Of Escrow
COF = Cost of Funds
COO = Certificate of Occupancy
CPI = Consumer Price Index
CRB = Certified Residential Broker
CRE = Creative Real Estate
CRS = Certified Residential Specialist
DBA = Doing Business As
DCR = Debt Coverage Ratio
DIL = Deed In Lieu
DOM = Days on Market
DOS = Due On Sale Clause
DOT = Deed of Trust
DSCR = Debt Service Coverage Ratio
EM = Earnest Money
FAL = Foreclosure Alert
FCRA = Fair Credit Reporting Act
FFE = Furniture, Fixture, and Equipment
FHA = Federal Housing Administration
FHLMC = Federal Home Loan Mortgage Corporation, Freddie Mac
FMR = Fair Market Rent
FMV = Fair Market Value
FNMA = (Fannie Mae) - Federal National Mortgage Association
FRBO = For Rent by Owner
FSBO = For Sale By Owner
GMAC = General Motors Acceptance Corporation
GRM = Gross Rent Multiplier, is the price divided by the total rent. The problem with it (as opposed to the cap rate) is that it does NOT include an info on expenses
HELOC = Home Equity Line of Credit
HML = Hard money lender
HOA = Homeowners Association
HUD = Housing and Urban Development
HVAC = Heating, Ventilation and Air Conditioning
IEE = Instant Equity Exchange
IRA = Individual Retirement Account
IRC = Internal Revenue Code
IRR = Internal Rate of Return
IRS = Internal Revenue Service
L/O = Lease Option
L/P = Lease Purchase
L/S = Landlord Seller
LIBOR = London Interbank Offering Rate
LLC = Limited Liability Company
LO = Lease Option
LOA = Letter of Authorization
LOC = Line of Credit
LOI = Letter of Intent
LP = Limited Partnership
LPOA = Limited Power of Attorney
LTV = Loan-to-value ratio
MAI = Member Appraisal Institute
MAO = Maxium Allowable Offer (Typically if you can get it, it is 30% off the ARV less repairs)
MFL = Maximum Foreseeable Loss
MIP = Mortgage Insurance Premium
MLS = Multiple Listing Service
MUD = Municipal Utility District
NAR = National Association of Realtors
NDA = Non-disclosure Agreement
(also known as a confidentiality agreement)
NIV = No Income Verification
NMD = No money down
NNN = Triple Net Lease
NOD = Notice of Default
NOI = Net Operating Income (Total Income minus all expenses EXCEPT debt service)
NOO = Non Owner Occupied
NTS = notice of trustee sale
O/F = Owner Finance
OBO = Or best offer
OO = Owner Occupied
OPM = Other people's money
P&S = Purchase and Sale
PFC = Prepaid Financial Charge
PITI = principal, interest, taxes, & insurance
PMI = Private mortgage insurance
PML = Private Money Lender
POA = Power of Attorney
PR = Primary Residence
PUD = Planned Unit Development
REI = Real Estate Investing / Real Estate Investor
REIA = Real Estate Investors Association
REIT = Real Estate Investment Trust
REO = Real estate owned
ROI = Return On Investment
RTO = Rent to Own
SBA = Small Business Administration
SBC = Small Balance Commercial (under 5 million)
SEC = US Securities and Exchange Commission
SFH = Single Family House
SFR = Single-family residence
Sub2 = Buying property subject to existing financing
T/B = Tenant Buyer
TAA = Texas Apartment Association
TAR = Texas Association of Realtors
TAV = Tax Assessed Value
TIL = Truth In Lending
TREC = Texas Real Estate Commission
UBIT = Unrelated Business Income Tax
UCC = Uniform Commercial Code
VA = Department of Veterans Affairs / Veterans Administration
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
excellent list!! Very Helpful!
Don't let something temporary, keep you out of the game permanent.
Spencer's Investing, LLC
Things are finally starting to look up. I just can't keep out of the course(Good thing). Got several listings from two different realtors and went out looking. Found one house that is a possibility. Tried calling the listing agent fr more info/look see, but no return call yet. House will not pass FHA inspections, so to me that means possible lease/option until repairs(what ever they may be) are completed and I can purchase. I think I am moving in the right direction though.
Thanks for this post! I'm saving this one.
Lea
SPR Property Solutions, LLC
Hi all,
We are new here and the acronyms are very confusing. Now we will know where to look for a meaning. Thanks Rina and everyone else. Big, Big, help!
Looking for the deal,
Alice n John
Hi all,
We are new here and the acronyms are very confusing. Now we will know where to look for a meaning. Thanks Rina and everyone else. Big, Big, help!
Looking for the deal,
Alice n John
Howdy From The West
I was wondering what the heck all these abbreviation meant!! Thanks for explaining them to me.
ASAP= As Soon As Possible Ha, Ha
as ROY would say
(until we meet again
Country Meadows Properties
i'm trying gain some general information about fha loans
and how can help or can i help a buyer with this pre-approve
loan. thank you.
Just about half-way through BARM.
Very informative and motivational.
Can't wait to start putting it to use.
Glossary very helpful with all the new info i'm learning.
Keep up the good work and Thx...
Paul in So Cal
Glad to share.
Remember, if you find anything we don't have in here, leave a post and we'll put it in.
Thanks again!
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
This one through me Rina!Do you know what this means?
Can you give it to me in context? I found 4 definitions that might make sense for RE.
(anybody else know?)
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
I think the only one missing is KS (the kitchen sink)
"NOW GO FIND A DEAL"
Watch your thoughts; They become words,
Watch your words; They become actions,
Watch your actions; They become habits,
Watch your habits; They become character,
Watch your character, it becomes your destiny.
Frank Outlaw
that's funny Al.
Do you know what TAV would be?
Rina
P.S. I like your signature line. Very true. Did you add that recently? (I'm a little behind)
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
I will guess... Tax Appraisers Value. About the other... My Granddaughter brought it home from school to memorize. I thought it was great, so I added it to my signiture line. My Granddaughter loves that I added it.
"NOW GO FIND A DEAL"
Watch your thoughts; They become words,
Watch your words; They become actions,
Watch your actions; They become habits,
Watch your habits; They become character,
Watch your character, it becomes your destiny.
Frank Outlaw
Taxed Assessed Value!
Thanks Al and Rina!
GOOD INFORMATION THANK YOU!
“Formal education will make you a living; self-education will make you a fortune.”
has anyone ever heard of the term "like kind exchange1031"?
What are LIS Pendens and Notice of Sheriff's sale? Thank you
whats default amount?
Thanks for the glossary.
"If you cannot do great things, do small things in a great way.”
Napoleon Hill quote
CAN ANY ONE TELL ME WHAT A BPO'S IS?
This is great info.
Hi Cora,
A BPO is a "Broker's Price Opinion". Similar to a Market Analysis. It is a quick value that an agent will come up with for a property, based on comps, condition of property, etc. It can be very inaccurate, as there can be as little contact as just a "drive-by" when an agent is doing this for a bank-owned property (REO). The banks will pay as little as $50 to an agent for this service to get a base idea of what a property is worth. Often they totally disregard it anyway (which frustrates the heck out of my realtor) and start sky-high as a listing price.
lol. Don't know if that's what you were looking for, but hope it helped some.
Rina
P.S. You as the buyer can have a lot of influence on a BPO if you get involved in the process. Pretty sure Dean talks about this in one of the books.
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
I finally added your TAV. Thank you!
brendan, Remsy031, makavelithadonkd, try doing a search on the site to learn more about these subjects (and I always "Google" them too). There is a ton of info, and also another thread for definitions (trying to leave this thread for acronyms
).
This link will help:
http://www.deangraziosi.com/node/3047
[Note: there is some really great stuff in the forums from a year and more ago. Hope everyone is raking advantage of it. ;-)]
Hey, and welcome to the DG family, all! Good to have you here. And thanks for all the thanks. I have used this list a lot myself. Nice to have everyone contributing.
God bless!
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
thanks you so much rina, although i cant's recall dean mentioning bpo's in his book, i camm across that on a site and it provided a list of bank that i guess is looking for agents to be a bpo rep or bpo agent they said its another way to produce income do you think its a route i should take being that i am a realtor just to generat some extra cash? in addition to me continuing to do what i am doing wich is organize a few assignments deal so i can move on to the next level of rei.
This definitely is great having so much of
the quick reference in one place. I'll use it often.
Thanx!
Best Regards,
Anita
(Licensed Realtor-Military Vet-9/11Vet)
****
A self-directed realization for 2014 is to:
Live life as if always on vacation and have all the good health, time, & wealth to enjoy it.
Work, only when and IF desired. Helping others do the same. It Pay$ To Connect!
Always In Gratitude.....
I love the verse....so perfect for me today
Iam excited about getting started investing. Ive read Deans new book again and have my plan in place to execute this Monday. I'am excited its riaght for me.
Thank you
Luana
There is so thing as a silly questions. There are only silly people who ask them? Knowledge is infinite stay in a search for it, then apply it!
Buy, Sell, Rehabilitate, and Manage Properties...
-PEACE OF MIND PROPERTY SOLUTIONS, LLC.
I am looking for a GLOSSARY of real estate terms and not only the acronyms.The term I am looking for is MORTGAGE LOCATOR. Ive seen it used and really do not know what they are referring to.Is there such a glossary somewhere on one of the sites ?
This is a great bookmark for future reference...and knowledge to know now! Thanks Rina!
--Joe
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/103264...
--Joe Cardenas
JFC Cash Flow LLC