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What does an underwater property mean?

August 25, 2011

An underwater property is a slang term for a home that does not have any equity.  

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RENTED: 975 B Ave - 16 days on the market!

August 23, 2011

Coronado Home Rented: 975 B Ave

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THINGS TO DO: San Diego Chargers 2011 Schedule

August 22, 2011

 San Diego Chargers 2011 Schedule

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What is a balloon payment mortgage?

August 5, 2011

A balloon payment mortgage is a type of mortgage that does not fully amortize over the term of the loan.  

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What does it mean to be in default?

August 4, 2011

To be in default on a real estate mortgage means that a borrower has ceased to make their required monthly payments.

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What is the loan principal?

August 4, 2011

The loan principal is the total amount of money owed on a loan.  On a standard, fixed-rate, fully amortizing loan, your loan principal will gradually go down as you make your monthly payments.  

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Our initial experience with you, especially with your demonstrable expertise, knowledge, and willingness to both educate and work with us regarding the market and related considerations particular to Coronado, resulted in a gratifyingly helpful and positive experience for us.

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