Real Estate terms starting with C

133 terms

Cooperative (Co-op) Project A project in which a corporation holds title to a residential property and sells shares to individual buyers, who then receive a proprietary lease as…
Coping A protective cap, top, or cover of a wall parapet, commonly sloping to protect masonry from water
Corbel An architectural member which projects upward and outward from a wall that supports a horizontal member.
Cornice A projecting molding that tops the elements to which it is attached; used especially for a roof or the crowning member of an entablature, located above…
Cost of Funds Index (COFI) An index that is used to determine interest rate changes for certain adjustable-rate mortgage (ARM) plans.
Counter Offer An offer made in response to a previous offer. For example, after the buyer presents their first offer, the seller may make a counter-offer with a…
County Code A three-digit FIPS (Federal Information Processing Standards) code that identifies the county where the property is located.
Covenants Rules and restrictions governing the use of property.
Creative financing Any financing arrangement other than a traditional mortgage from a third-party lending institution.
Credit Credit generally refers to the ability of a person or organization to borrow money, as well as the arrangements that are made for repaying the loan and…
Credit Bureau An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans.
Credit Counseling Education on how to improve bad credit and how to avoid having more debt than can be repaid.
Credit Enhancement A form of guarantee, insurance, or other characteristic (e.g. Overcollateralization) of a security that improves its credit quality.
Credit Grantor The lender that provides a loan or credit.
Credit History A record of an individual’s or company’s past borrowing and repaying behavior maintained by an independent credit reporting agency.
Credit Life Insurance A type of life insurance that helps repay a loan if you should die before the loan is fully repaid. This is optional coverage.
Credit Loss Ratio The ratio of credit-related losses to the dollar amount of MBS outstanding and total mortgages owned by the corporation.
Credit Related Expenses Foreclosed property expenses plus the provision for losses.
Credit Related Losses Foreclosed property expenses combined with charge-offs.
Credit Repair Companies Private, for-profit businesses that claim to offer consumers credit and debt repayment difficulties assistance with their credit problems and a bad credit…
Credit Report A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.
Credit Risk A term used to describe the possibility of default on a loan by a borrower.
Credit Score A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICOÃÂ® score.
Credit Union A cooperative, nonprofit association, licensed under for the purposes of encouraging thrift among its members, creating a source of credit at a fair and…
Creditor A person or company who provides credit to another person or company functions as a creditor.
Creditworthiness The way a lender measures the ability of a person to qualify and repay a loan.
Creditworthy Your ability to qualify for credit and repay debts.
Cresting A decorative element, frequently of iron, usually located at the peak or edge of a roof.
Crocket An ornamental foliate form placed at regularly spaced intervals on the slopes and edges of the spires, pinnacles, gables, and similar elements of Gothic…
CRV See: certificate of reasonable value.
Cupola A small dome on a base crowning a roof
curtailments The borrower's privilege to make payments on a loan's principal before they are due.
Cushion An amount of money, occasionally required by a lender, which is set aside to protect said lender against increases in expenses.