13.1 Vocabulary
Across
- 3. a loan to purchase real estate
- 4. shelter a legal write-off that reduces tax liability
- 5. value examining the structure, size, features, and quality as compared to similar homes in the same geographic area
- 6. account a fund where money is held by a financial institution to pay amounts that will come due during the year
- 8. the difference between the market value of property and amount owed on it
Down
- 1. the amount charged by a bank or other lender to process the loan papers
- 2. value the highest price that the property will bring on the market
- 5. value the cost and quality of the construction, the cost of improvements, and the cost of similar properties
- 7. rules designed to maintain property values and protect the interests of all property owners