A blacklist in real estate refers to a list maintained by lenders that contains names of individuals or entities flagged for mortgage application fraud or possessing poor credit history, aimed at avoiding issuance of loans to untrustworthy borrowers.
A straw man is an individual who purchases property on behalf of another person or entity to conceal the identity of the actual purchaser. This tool is often employed in real estate transactions to prevent price inflation from sellers realizing the true buyer's identity.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!