Housing Concepts Crossword

Party who acts as an intermediary between home buyers and home sellers
A loan to finance the purchase of a house
The difference between the market value of a home and what an individual owes on it
Price at which a house would sell in a competitive setting
Value of a property for the purpose of determining property taxes
Legal process in which the lender takes possession of and sells the property in attempt to satisfy the debt owed. Occurs after default on a loan
Legal right to the possession of a property
Failure to make monthly mortgage payments on time
Attached home (Common roof and walls). Typically cheaper than single family homes because they save land
Taking out a new mortgage loan to pay off an existing mortgage loan
Fees to be paid by the resident for the upkeep of common areas
Opinion of value of the house the buyer would like to purchase
Housing units contained within a development area in which the buyer owns the actual unit and a share of the common areas
A type of housing market in which there are more sellers than buyers. Prices of homes are typically lower