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Chapter 1 - The Nature of Real Estate Finance

Across
Real estate is affected by __ conditions.
A national trend that could affect the local real estate market would be __ regulation.
A lender in a mortgage loan transaction.
Market __ occurs when supply equals demand, and price/cost/value are all equal.
In states that regard the mortgage document as a conveyance of ownership from the mortgagor (borrower) to the mortgagee (lender) are called __-theory states.
The process of securing a loan by pledging a property without giving up ownership of the property is called __.
__ is phase four of the real estate cycle.
_ cannot be moved and no two pieces are exactly alike.
__ represents the inventory of real estate that is unoccupied at any given time.
Phase one of the real estate cycle is __.
A financing instrument that states the terms of the underlying obligation, is signed by its maker, and is negotiable (transferable to a third party).
Down
Money that is given to another party with the agreement for repayment in the form of principal plus interest is a __.
__ represents new supply of real estate products.
A borrower in a mortgage loan transaction.
Phase two of the real estate cycle is __.
__ rate is a measure of supply and demand.
__ is a loan used to purchase a home, land or other types of real estate.
__ of Trust is an instrument used to create a mortgage lien by which the borrower conveys title to a trustee, who holds it as security for the benefit of the note holder (the lender).
In the terms of the real estate market, __ will refer to the available properties for sale or lease.
The biggest impact of the economy on the real estate market has to do with supply and __.