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  • An electronic or magnetic tool used to locate wall studs. Read More
  • A building method that distributes structural loads to each of a series of relatively lightweight studs. Contrasts with post-and-beam. Read More
  • A metal, structural bracket that reinforces a vertical stud. Used on an outside bearing wall where holes are drilled to accommodate a plumbing(...) Read More
  • Vertical framing members spaced at regular intervals within a wall. Read More
  • A tenant who grants a sub-lease of the property of which they are the tenant. Read More
  • Subcontractors are people or companies hired by your general contractor – like an electrician or plumber – to do a specific job. Read More
  • An area of land divided into lots, blocks and building sites, and in which public facilities are laid out, such as streets, alleys, parks and(...) Read More
  • The wood flooring that's installed over the joists to provide stability. The floor covering like carpeting, tile, or plank flooring is installed(...) Read More
  • The real property intended to obtain the mortgage on is called the subject property. Read More
  • Renting a property by a tenant to a third-party tenant for a specified segment of the tenant’s lease agreement. Read More
  • Any mortgage or other lien with lower priority than the first mortgage. Read More
  • A rating term describing a riskier loan typically associated with weaker credit. Read More
  • An underlying layer. The foundation; material on which another material is attached. Read More
  • Pit or large plastic bucket/barrel inside the home designed to collect ground water from a perimeter drain system. Read More
  • A submersible pump in a sump pit that pumps any excess ground water to the outside of the home. Read More
  • The map or plat drawn by a surveyor that represents and confirms a property’s boundary lines and legal description. It also determines other(...) Read More
  • The survey fee covers the cost of the survey. Read More
  • A ceiling system supported by hanging it from the overhead structural framing. Read More
  • Metal straps or wood blocks installed diagonally on the inside of a wall from bottom to top plate, to prevent the wall from twisting, racking,(...) Read More
  • A borrower’s contribution to the down payment for the purchase of a property in the form of labor or services rather than cash. Read More
  • A flexible strip on the bottom edge of a door to prevent drafts. Read More
  • A device that completes or disconnects an electrical circuit. Read More
  • The risk of an individual investment. This risk can be reduced through proper diversification. Read More
  • The exposed portion of strip shingles defined by cutouts. Read More
  • A relatively short beam or joist supported in a wall on one end and by a header at the other. Read More
  • 1. The short drainpipe located between a fixture drain and a trap. 2. The inlet tubes on faucets that connect it to water supply lines. Read More
  • The process of making a list of the materials needed for a construction project to calculate how much it will cost to complete it. Read More
  • The process of covering drywall joints with paper tape and joint compound. Read More
  • An assessed value is the dollar value assigned to a property to measure applicable taxes. Assessed valuation determines the value of a residence(...) Read More
  • An account becomes delinquent when the due date for the tax or other liability has passed and the amount due remains unpaid. Read More
  • Money paid to and held by a lender for annual tax payments. Read More
  • The lien that is imposed upon real estate by operation of law that secures the payment of real estate taxes. Read More
  • Public sale of property by a government authority as a result of non-payment of taxes. Read More
  • Funds collected as part of the borrower’s monthly payment and held in escrow for the payment of the borrower’s, or funds paid by the borrower(...) Read More
  • The pre-planned demolition of an acquired home or other building for replacement, often when the existing structure is no longer suitable to the(...) Read More
  • Metal straps that are nailed and secure the roof rafters and trusses to the top horizontal wall plate. Sometimes called a hurricane clip. Read More
  • A "T" shaped plumbing fitting. Read More
  • Strengthened. Tempered glass will not shatter nor create shards, but will "pelletize" like an automobile window. Required in tub and shower(...) Read More
  • A type of safety glass that is produced through controlled thermal treatment to fortify it and make it approximately four times stronger than(...) Read More
  • A situation where the tenant has no lease, yet occupies the property under the owner’s permission. For example, a tenant continues to reside in(...) Read More

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