Mortgages

     A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is asecurity for the loan that the lender makes to the borrower.This comes from the Old French "dead pledge," apparently meaning that the pledge ends (dies) either when the obligation is fulfilled or the property is taken throughforeclosure.[1]In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than on other property (such as ships) and in some jurisdictions only land may be mortgaged. A mortgage is the standard method by which individuals and businesses can purchase real estate without the need to pay the full value immediately from their own resources. See mortgage loan for residential mortgage lending, and commercial mortgage for lending against commercial property

International real estate

The term international real estate is a relatively new phenomenon, which implies a post-Globalization real estate, or property sector. The term encompasses real property development and sales/leasing transactions between nations; and the enormous amount of legal, design, urban planning, engineering, financing, and construction work that follows from developmental transactions. International real estate is, by definition, influenced by fluctuating market value in various sectors between counties, as can be evidenced by the 2008 global credit crisis. International real estate is best subdivided into two categories: commercial and residential. International commercial real estate has been a natural consequence of business' evolution toward multi-national business operations. Often, International commercial real estate transactions require the formation of corporations used to purchase or lease real estate, when freehold ownership is not permitted. International real estate, as it involves the purchase and sale of international residential real estate, is often limited to the "luxury" sector of the real estate market, usually defined as the top 10% of sales prices in a given market. This is because international home purchases are usually buyers' second homes, although marketshare exists in "affordable luxury" holiday homes. Within the international residential real estate sector, great emphasis is placed on property marketing. International real estate may have been aided by modern media such as internet or international media, as it catalysed globalization and aided in the communications necessary for transactions to take place. It is not true that international real estate did not exist before the World Wide Web, but it is certainly true that it was not as effective and accessible as it is nowadays. International real estate is one of the most dynamic branches of real estate encompassing experts from many different fields, including law, civil engineering and construction planning. Its main aims include infrastructural development and augmentation of the tourist industry. The recent construction of international real estate directories and forums in which the interested parties can communicate and exchange information has been a major breakthrough resulting in major development in the field.

Real estate transfer tax

Real estate transfer tax is a tax that may be imposed by states, counties, or municipalities on the privilege of transferring real property within the jurisdiction. Total transfer taxes range from very small (for example, .01% in Colorado) to relatively large (4% in the city of Pittsburgh).
Some states have a variety of transfer tax laws which may include specific exemptions for certain types of buyers based on buying status or income level (e.g. Maryland exempts certain "first time buyers" from a percentage of the total or excludes a portion of the property's sales price from taxation altogether).
Another variation which exists is either the legal requirement to split the taxes between the parties or the local custom to do so. Thus, in Washington, DC, the 2.2% is generally split between the seller and the buyer. Prior to buying or selling, it is advisable to check with the Recorder of Deeds, a Realtor, or title company to confirm a specific jurisdiction's practices.

The legal arrangement for the right to occupy a dwelling is known as the housing tenure. Types of housing tenure include owner occupancy, Tenancy, housing cooperative, condominiums (individually parceled properties in a single building), public housing, squatting, and cohousing.
When one or more tenants live together, they may choose to split the cost of residency through a net lease. To save money having a residence, tenants may have the option to have a net lease. The only cost of this would be having to share the residence with another tenant. Net leases come in many different forms including: single, double, and triple net leases; depending on how many tenants are sharing the net lease.[6]
Residences can be classified by, if, and how they are connected to neighboring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residents might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.

'Single-family detached home'
Major physical categories in North America and Europe include:
Attached / multi-unit dwellings
Apartment - An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.
Multi-family house - Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
Terraced house (a.k.a. townhouse or rowhouse) - A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.
Condominium - Building or complex, similar to apartments, owned by individuals. Common grounds are owned and shared jointly. There are townhouse or rowhouse style condominiums as well.
Semi-detached dwellings
Duplex - Two units with one shared wall.
Single-family detached home
Portable dwellings
Mobile homes - Potentially a full-time residence which can be (might not in practice be) movable on wheels.
Houseboats - A floating home
Tents - Usually very temporary, with roof and walls consisting only of fabric-like material.
The size of an apartment or house can be described in square feet or meters. In the United States, this includes the area of "living space", excluding the garage and other non-living spaces. The "square meters" figure of a house in Europe may report the total area of the walls enclosing the home, thus including any attached garage and non-living spaces, which makes it important to inquire what kind of surface definition has been used.
It can be described more roughly by the number of rooms. A studio apartment has a single bedroom with no living room (possibly a separate kitchen). A one-bedroom apartment has a living or dining room separate from the bedroom. Two bedroom, three bedroom, and larger units are common. (A bedroom is defined as a room with a closet for clothes storage.)
See List of house types for a complete listing of housing types and layouts, real estate trends for shifts in the market and house or home for more general information.

This is nland of Phokara
nice land very buityfoul sight seen very cheepest land.