Michael Petruccelli asks; What is security?

Michael Petruccelli says;The property that will be pledged as collateral for a loan.

Michael Petruccelli asks; What is seller carry-back?

Michael Petruccelli says; An agreement in which the owner of a property provides financing, often in combination with an assumable mortgage.

Michael Petruccelli asks; Why are Vacation Home Sales Surge Higher?

Michael Petruccelli says; Across Florida, sales jumped 29 percent on condos and 13 percent for single family homes as historically low mortgage rates and lower prices brought buyers back to the marketplace. Seven out of 10 sales were of either foreclosures or bank assisted short sales, and half of all sales were paid for in cash without bank financing.

Michael Petruccelli asks; What is a secured loan?

Michael Petruccelli says; A loan that is backed by collateral.

Michael Petruccelli asks; What is security?

Michael Petruccelli says; The property that will be pledged as collateral for a loan.

Michael Petruccelli asks; What is seller carry-back?

Michael Petruccelli says; An agreement in which the owner of a property provides financing, often in combination with an assumable mortgage.