Jeopardy in real estate refers to the risk or danger of losing a property, typically due to default on a loan or failing to meet certain contractual obligations, leading to potential foreclosure or other legal actions.
In real estate, risk refers to the potential for an investment to achieve lower or higher returns than expected. Effective risk management strategies, such as diversification and insurance, can mitigate associated uncertainties.
A second mortgage is a subordinated lien created by a mortgage loan that enhances financing options by reducing the cash down payment requirement during a property purchase or refinancing.
A speculator is an investor who engages in risky financial transactions with the hope of substantial gains by forecasting future market events.
An unsecured loan is a debt not protected by any collateral or security, meaning the lender relies solely on the borrower's creditworthiness and promise to repay.
