Michael Petruccelli asks; What is a bridge loan?

Michael Petruccelli says;  Not used much anymore, bridge loans are obtained by those who have not yet sold their previous property, but must close on a purchase property. The bridge loan becomes the source of their funds for the down payment. One reason for their fall from favor is that there are more and more second mortgage lenders now that will lend at a high loan to value. In addition, sellers often prefer to accept offers from buyers who have already sold their property.

Michael Petruccelli asks; What is a deposit?

Michael Petruccelli says;  A sum of money given in advance of a larger amount being expected in the future. Often called in real estate as an "earnest money deposit."

Michael Petruccelli asks; What is a down payment?

Michael Petruccelli says;  The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.

Michael Petruccelli asks; What is due-on-sale provision?

Michael Petruccelli says;  A provision in a mortgage that allows the lender to demand repayment in full if the borrower sells the property that serves as security for the mortgage.

Michael Petruccelli asks; What is an earnest money deposit?

Michael Petruccelli says;  A deposit made by the potential home buyer to show that he or she is serious about buying the house. 

Michael Petruccelli asks; what is eminent domain?

Michael Petruccelli says;  The right of a government to take private property for public use upon payment of its fair market value. Eminent domain is the basis for condemnation proceedings.

Michael Petruccelli asks; What is effective age?

Michael Petruccelli says;  An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.

Michael Petruccelli asks; What is an easement?

Michael Petruccelli says;  A right of way giving persons other than the owner access to or over a property.

Michael Petruccelli asks; What are some tips to maintain our deck or porch? (8)

Michael Petruccelli says;  Sealing – Once the deck is installed, you need to seal it with an oil-based water repellent sealer. There are many quality products on the market for this purpose. Sealing a wooden deck will preserve its beauty and integrity. Resealing should be subsequently done every year.

Michael Petruccelli asks; What are some tips to maintain our deck or porch? (7)

Michael Petruccelli says;  Building materials – Traditionally, homeowners have preferred cedar or redwood for outdoor construction like decks and fences. But in recent years, manufactured have treated pine and other less durable woods chemically so they survive weathering. There are other woods such as lpe and Philippine mahogany that are also well suites for decking material that are very dimensionally stable when maintained with a sealer. Composites such as Trex are also extremely popular these days for use as low maintenance decking. Remember that all deck framing material must be pressure treated wood to withstand rot and insect infestation.