Real Estate Glossary
There are 91 entries in this glossary.
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| Term |
Definition |
| Assessor |
A government official who is responsible for determining the value of a property for the purpose of taxation.
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| Assumable Mortgage |
A mortgage that can be transferred from a seller to a buyer; once the loan is assumed by the buyer the seller is no longer responsible for repaying it; there may be a fee and/or a credit package involved in the transfer of an assumable mortgage.
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| Balloon Mortgage |
A mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due or is refinanced by the borrower.
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| Bankruptcy |
A federal law whereby a person's assets are turned over to a trustee and used to pay off outstanding debts; this usually occurs when someone owes more than they have the ability to repay.
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| Borrower |
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.
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Dining Reviews
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Flancer's, 4 stars
Don't be fooled by the pun-laden menu. Flancer's sandwiches, salads, burgers and pasta showcase its owner's serious culinary skills with a nod to the flavors of the Southwest.
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Arizona Pizza Company, 3 stars
The Glendale location of the Arizona Pizza Company is the back-East chain's first foray into its namesake state. It's basically an expansive sports bar, complete with servers dressed like referees and more than two dozen televisions tuned in to all kinds of sports events. But the menu is far more than just wings and burgers.
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Pho Ao Sen, 3.5 stars
This upscale Vietnamese restaurant, one of the prettiest in town, offers pho and other Vietnamese classics, as well as a handful of unique and utterly delicious specialties.
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Pollo Campero, 3 stars
Guatemalan-based Pollo Campero offers fried and grilled chicken. Grilled chicken is a thing of beauty: skin on, a little charred in spots, served with wedges of lime. The chicken burrito is a chubby roll of tortilla wrapped around bits of chicken, cheese, peas, chopped carrots, beans and rice.
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Shimogamo Japanese Restaurant, 4 stars
Traditional yet contemporary Shimogamo offers sushi and traditional Japanese dishes alongside modern Japanese specialties, including BBQ beef tongue, panko-breaded fried oysters with tonkatsu sauce and miso-marinated black cod. Don't miss inspired sushi rolls, such as the Shimogamo and the tsunami.
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