Tag: residential appraisal

Reverse Mortgages

Reverse Mortgages A Reverse Mortgage is a special type of loan that enables individuals, aged 62 or older, to convert some of their home’s equity into tax-free cash. Unlike traditional equity loans, no repayment is required until the home is … read more

Appraisal Terminology

Appraisal Terminology Abatement – Abatement is an official reduction or invalidation of an assessed valuation after the initial assessment for ad valorem taxation has been completed; the termination of a nuisance; a reduction in rent levels that a landlord charges … Read More..