What does the"XO"mean when ordering house windows?

Answer Home window manufacturers have developed a code to describe the various configurations of windows and windowpanes. "XO" refers to a specific type of windowpane configuration in which one pane, "X,"... Read More »

Top Q&A For: What does the"XO"mean when ordering house windows

What does a short sale mean when selling a house?

A short sale occurs when the outstanding balance on a home loan is greater than the proceeds from the sale of the house. If a lender approves a short sale, it means the lender agrees to receive les... Read More »

What does the money that goes into escrow go toward when I make my mortgage payment?

A borrower's mortgage escrow payment typically goes toward the real estate taxes and homeowner's insurance payment on the property. However, other bills can be paid from that account, including hom... Read More »

What Does an Escrow Account Pay?

Depending on a mortgage lender's practices and the type of loan a borrower attempts to obtain, the lender may require the establishment of an escrow account as a condition of finalizing the loan. A... Read More »

What does HUD house mean?

HUD homes are those foreclosed on by the United States Department of Housing and Urban Development and resold to recoup losses on a foreclosure. These homes are open for sale to the general public ... Read More »