A clear and up-to-date guide to the rapidly changing commercial and residential mortgage markets in the USA. Comprehensive coverage is given of legal aspects, default and foreclosure, financing, real estate investment trusts, property appraisal, calculating finance costs, and much more. Its easy-to-read style simplifies the complex issues involved in negotiated construction, development, land acquisition and permanent loans originating from conventional sources or from the Federal Housing Administration or the Veterans Administration. Also presented is detailed information on financing through the sale of debt and equity securities.
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