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Shared Appreciation |
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Shared AppreciationThe gaining or retaining of equity in a property by someone other than the buyer. For example: the seller retains a 25% interest in the property. This makes the buyer responsible for only 75% of the purchase price and, therefore, lowers the necessary financing by 25%. This obviously makes the property more affordable. By agreement, expenses are shared as well as any increase in value when the property is sold. Statement of Information (SI): A confidential information statement completed by the buyer, seller and borrower in every transaction where a policy or policies of title insurance are requested. Allows the title company to competently search documents affecting the property to be insured, documents which may not refer to said property. Allows title companies to differentiate between parties with similar names when searching matters such as liens and court decrees.Shared Appreciation Similar MatchesAppreciationAppreciationAn increase in the value of a home or other property. Shared appreciation mortgageShared appreciation mortgageA mortgage in which a borrower pays a below normal rate of interest to the lender on the understanding that the latter shares a proportion of the appreciation of the property. Capital appreciation or depreciationCapital appreciation or depreciationThe increase or decrease in the value of the individual's investment in the property. Shared Appreciation Mortgage (SAM)Shared Appreciation Mortgage (SAM)A mortgage with a low rate of interest, offset by giving the lender some portion of the appreciation in the value of the underlying property. Capital appreciationCapital appreciationSee: Capital growth Further SuggestionsReal appreciation or depreciationStock Appreciation Right (SAR) Appreciation Currency appreciation Appreciation Shared appreciation mortgage Capital appreciation fund |
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