We are often asked ‘what are closing costs’ when a buyer is purchasing a home and a seller is selling a home. These typical closing costs vary from market place to market place. In Albuquerque, for example, customary closing costs for sellers are the title fees, and the buyers’ closing costs are typically anything associated […]
Albuquerque real estate definitions – The Acceleration Clause
First in a series of articles regarding ‘real estate words’ that you might encounter in your search for an Albuquerque home or while selling your Albuquerque home. Acceleration clause A provision in a mortgage that gives the lender the right to demand payment of the entire principal balance if a monthly payment is missed, or […]
