Glossary

[Landon Dolezal]

I dont know if this would be a cool idea. I think it could save some questions, if there was a glossary page for Real Estate terminology. What do you think?

[Brian Gibbons]

For all concerned.

Acronyms

*REI Abbreviations*

*AFD* - Agreement For Deed

*AITD* - All Inclusive Trust Deed

*APR* - Annual Percentage Rate

*ARM* - Adjustable Rate Mortgage

*ARV* - After-Repaired Value

*ATR* - Ability to Repay - See CFPB

*BOM* - Back On Market

*BOR* - Board of Realtors

*CAD* - County Appraisal District

*Cap* - Capitalization

*CCIM* - Certified Commercial Investment Member

*CCR* - Conditions, Covenants, and Restrictions

*CFD* - Contract for Deed

*CFPB* - Consumer Finance Protection Bureau - See ATR

*CLTV* - Combined Loan To Value

*CMA* - Comparative Market Analysis

*COCR* - Cash on Cash Return

*COF* - Cost of Funds

*COO* - Certificate of Occupancy

*CRB* - Certified Residential Broker

*CRE* - Creative Real Estate

*CRS* - Certified Residential Specialist

*DBA* - Doing Business As

*DCR* - Debt Coverage Ratio

*DOS* - Due On Sale Clause

*DOT* - Deed of Trust

*DSCR* - Debt Service Coverage Ratio

*FCRA* - Fair Credit Reporting Act

*FED* - Created the CFPB

*FFE* - Furniture, Fixture, and Equipment

*FHA* - Federal Housing Administration

*FHLMC* - Federal Home Loan Mortgage Corporation, Freddie Mac

*FMR* - Fair Market Rent

*FMV* - Fair Market Value

*FNMA* - Federal National Mortage Association, Fannie Mae

*FRBO* - For Rent by Owner

*FSBO* - For Sale by Owner

*GMAC* - General Motors Acceptance Corporation

*GRM* - Gross Rent Multiplier

*HELOC* - Home Equity Line of Credit

*HML* - Hard Money Lender

*HOA* - Homeowners Association

*HUD* - Housing and Urban Development

*HVAC* - Heating, Ventilation and Air Conditioning

*IRA* - Individual Retirement Account

*IRC* - Internal Revenue Code

*IRR* - Internal Rate of Return

*IRS* - Internal Revenue Service

*L/O* - Lease Option

*L/P* - Lease Purchase

*L/S* - Landlord Seller

*LIBOR* - London Interbank Offering Rate

*LLC* - Limited Liability Company

*LOC* - Line of Credit

*LOI* - Letter of Intent

*LP* - Limited Partnership

*LPOA* - Limited Power of Attorney

*LTV* - Loan to Value

*MAI* - Member Appraisal Institute

*MAO* - Maximum Allowable Offer

*MIP* - Mortgage Insurance Premium

*MLS* - Multiple Listing Service

*MUD* - Municipal Utility District

*NAR* - National Association of Realtors

*NIV* - No Income Verification

*NNN* - Triple Net Lease

*NOD* - Notice of Default

*NOI* - Net Operating Income

*NOO* - Non-Owner Occupant

*O/F* - Owner Finance

*OO* - Owner Occupant

*P&S* - Purchase and Sale

*PITI* - Principal Interest Taxes Insurance

*PMI* - Private Mortgage Insurance

*POA* - Power of Attorney

*PUD* - Planned Unit Development

*REI* - Real Estate Investing / Real Estate Investor

*REIA* - Real Estate Investors Association

*REIT* - Real Estate Investment Trust

*REO* - Real Estate Owned

*RMLO* - Registered Mortg Loan Orginator

*ROI* - Return On Investment

*RTO* - Rent to Own

*SFH* - Single Family House

*SFR* - Single Family Residence

*Sub2* - Buying property subject to existing financing

*T/B* - Tenant Buyer

*TAA* - Texas Apartment Association

*TAR* - Texas Association of Realtors

*TIL* - Truth In Lending

*TREC* - Texas Real Estate Commission

*UBIT* - Unrelated Business Income Tax

*UCC* - Uniform Commercial Code

*VA* - Department of Veterans Affairs / Veterans Administration

FORUM ABBREVIATIONS

*AFAIK* - As Far As I Know

*AFK* - Away From Keyboard

*AKA* - Also Known As

*BBIAM* - Be Back In a Minute

*BFN* - Bye For Now

*BRB* - Be Right Back

*BTW* - By The Way

*CUL* - See You Later

*FYI* - For Your Information

*G2G* - Got to Go

*IMHO* - In My Humble Opinion

*IMO* - In My Opinion

*LMAO* - Laughing My *** Off

*LOL* - Laughing Out Loud

*NT* - No Text

*ROFL* - Rolling on the Floor Laughing

*ROTFLMAO* - Rolling on the Floor Laughing My *** Off

*TIA* - Thanks In Advance