Southeastern Michigan real estate explanationsHere are some Southeastern Michigan real estate explanations. This should help you read listings whether you are a first time homebuyer or an experienced Michigan homebuyer. BATVAI - Buyers Agent To Verify All Information HUD homes - FHA homes that have gone into foreclosure REO - Real Estate Owned by banks ROI - Return on investment MLS - Multi Listing Service - the organization that Realtors list homes through - the company that puts all the listings out on the internet for buyers to look at. A/C - Air conditioning BDRM - Bedrooms A/C - Air Conditioning WIC- Walk in Closet FP - Fire place LBP - Lead Based Paint EMD - Earnest Money Deposit Short sale - should be called long sale. Where a seller is trying to sell a home for less than what they owe, They must get the banks approval to do so. If you have any other abbreviations or questions feel free to call me or email me. Cell 313-310-9855 or Yesmyrealtor@gmail.com LATPAO - Listing Agent To Present All Offers
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http://www.detroitmichiganrealestatehomes.com/0051F7 Posted on Jan 31, 2010 @ 7:46 pm by russ.ravary - View Profile
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