Monthly Archives: March 2017

Real Estate Term of the Week

Swift Code: A standard format of Bank Identifier Codes (BIC) and a unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks...

Real Estate Term of the Week

Bridge Loan: A sum of money lent by a bank to cover an interval between two transactions, typically the buying of one house and the selling of another. Compared to conventional financing, bridge loans...

Real Estate Term of the Week

Escalation Clause: A real estate contract that lets a home buyer say, “I will pay X price for this home, but if the seller receives another offer that’s higher than mine, I’m willing to...