Relocation

Relocation

Referring to any service that assists a family to move house or a business to move from one establishment to another.

Industry: Business services

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Relocation

Private mortgage insurance (PMI)

Business services; Relocation

Paid by the borrower to protect the lender in the case of default. PMI is typically charged to the borrower when the Loan-to-Value is greater than 80%.

Handyman’s special

Business services; Relocation

Typically a house that is sold in as is condition, which needs a great deal of fixing up.

Gross-up

Business services; Relocation

Company-provided tax allowance to offset, in whole or in part, the effect that certain taxable, nondeductible reimbursements or allowances may have on an employee's gross income.

Guarantee offer

Business services; Relocation

An offer typically based on the average of two appraisals, made by a third party.

Grantee/grantor

Business services; Relocation

A grantee acquires real estate by deed; a grantor conveys real estate by deed.

General warranty deed

Business services; Relocation

The deed which conveys not only all the grantor's interests in and title to the property to the grantee, but also warrants that if the title is defective or has a "cloud" on it (such as mortgage ...