REAL ESTATE ABBREVIATIONS
Common in the Sale and Purchase process of real estate.
AFD – Agreement For Deed
AITD – All Inclusive Trust Deed
APR – Annual Percentage Rate
ARM – Adjustable Rate Mortgage
ARV – After-Repaired Value
BOA – Bank of America
BOM – Back On Market
BOR – Board of Realtors
BPO – Broker’s Price Opinion
CAD – County Appraisal District
CAP – Capitalization
CCIM – Certified Commercial Investment Member
CCR – Conditions, Covenants, and Restrictions
CFD – Contract for Deed
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
FFE – Furniture, Fixture, and Equipment
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
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
NDNC – Non-Disclosure Non-Compete Clause
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
PM – Private Money
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
ROI – Return On Investment
RTO – Rent to Own
SFH – Single Family House
SFR – Single Family Residence
SS – Short Sale
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
HVAC – Heating, Ventilation and Air Conditioning
IRA – Individual Retirement Account
IRC – Internal Revenue Code
IRR – Internal Rate of Return
IRS – Internal Revenue Service
USEFUL LINKS
SELLER TOOLS
House Selling Checklist
For Sale By Owner Websites
Free Credit Report
House Value Calculators
Get Expert Selling Advice
Mortgage Payment Calculator
COMMON PROBLEMS
Relocation - Damaged Homes - Behind on Payments - Pre Foreclosure - Retiring - Tax Liens - Estate Homes - Vacancy - Divorce - Expired MLS - Inheritance - Loan Modification Denied - Bad Tenants - Bad Realtor - Bad Neighborhood - No Offers - Death in the Family - Bankruptcy - Job Loss - Owe More Than is Worth
USEFUL LINKS
Fannie Mae Know Your Options
Making Homes Affordable
Federal Housing Finance Agency
Us Department of Housing
Real Estate Investment Associations
How To Sell Your House Fast in 2021