New York Real Estate Glossary F
(Façade - First Mortgage)
A1 | A2
| A3 | A4 | B1 | B2 | B3
| C1 | C2 | C3
| D1 | D2 | E1
| E2 | F1 | F2
| F3 |
G1 | G2 | H1
| H2 | I1 | I2
| J | K | L1
| L2 | L3 | M1
| M2 | M3 | N
| O1 | O2
| P1 | P2 | Q
| R1 | R2 | S1
| S2 | T1 | T2
| U | V1 | V2
| W1 | W2 | X
| Y | Z
External front of a building that faces the street or courtyard and
is usually used to describe bigger, elegant buildings. Façade
materials include wood, brick, glass, masonry, aluminum, etc.
Covering of contrasting material to decorate or protect a building;
a finished wall surface.
Fair Housing Act
Federal law making it illegal to refuse to rent or sell to anyone based
on race, color, religion, sex or national origin. 1988 amendments expanded
protections to include family status and disability.
Fair Market Value
Amount that could be received on the sale of real estate when there
is a willing seller and buyer. It is a term generally used in property
tax and condemnation legislation, meaning the market value of a property.
Ancient Chinese philosophy, which believes that the positioning and
physical characteristics of a home affect the fortunes of the owner.
Any carved or molded decoration that is shaped like a wreath or garland
of flowers, leaves, etc. hanging in a loop or curve. This horizontal
decorations seems to span two points with a slight sag in the middle.
Insurance coverage purchased by an employer to cover employees who are
entrusted with valuable property or funds, to protect against specified
losses arising from any dishonest act by these employees.
The holding in trust of something by one person for another. Also applies
to legal, real estate and business relationships.
Final Value Estimate
Final property appraisal estimate arrived at the use of appropriate
Interest and any other charges, including points, that make up the fees
incurred when borrowing money.
Financed Closing Costs
Costs for closing of title that are added to the loan amount rather
than being paid up front. This practice adds to the amount borrowed,
increasing the monthly payment.
Calculator which has numerous built-in financial functions including
cash flow analysis, mortgage amortization, present and future yield,
yield to maturity and many other business statistics and financial ratios.
The ability of a proposed land use or change of land use to justify
itself from an economic point of view.
Report that shows income and expenses for an accounting period and normally
consists of a balance sheet, income statement and statement of cash
Primary mortgage on a property, which takes priority over any other
liens and is satisfied before any secondary liens.