Chicago Illinois Real Estate News

 Real Estate News and Information  Topics: Will the New Short Sale Rules Help the Process?  What’s Happening in Real Estate for 2010?  Energy Efficient Mortgages.    And for  more information on whether you’re buying or selling real estate in Chicago Illinois go to: www.MarinaJacobsonHomes.com

Truth in Lending disclosures may be of little use

Today’s Real Estate News

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Real Estate Glossary

 Learn the definitions of the real estate terms.

Click Here for Real Estate Glossary

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Abstract of judgment, law
The summary of a court judgment that creates a lien against a property when filed with the county recorder.

Accelerated cost recovery system
A tax calculation that provides greater depreciation in the early years of ownership of real estate or personal property.

Accelerated depreciation
A bookkeeping method that depreciates property faster in the early years of ownership.

Acceleration clause
A provision that gives a lender the right to collect the balance of a loan if a borrower misses a payment.

Acceptance
The seller’s written approval of a buyer’s offer.

Access
Any means by which a person can enter property.

Accessibility
The degree to which a building or site allows access to people with disabilities.