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Welcome to the Real Estate vocabulary set number one this vocabulary set will have 50 real estate terms with definitions that would be helpful before we get started dont forget to like the video now lets begin 80 10 10. 80 10 10 is a financing Arrangement commonly used in real estate it involves putting down a 10 down payment and taking out two loans to cover the remaining ninety percent of the purchase price the first loan is usually for eighty percent of the purchase price and the second loan is for the remaining 10 percent allowing buyers to avoid paying private mortgage insurance and qualify for a larger loan amount abstract of title an abstract of title is a written history of all legal documents and public records that pertain to a piece of real estate including Deeds mortgages liens judgments and encumbrances this document provides a summary of the propertys ownership history and helps to establish clear title to the property it is commonly used in real estate transactions to
