Buying a Home in Brooklyn – Real Estate Terms


Buying a Home in Brooklyn- Get to Know these real estate terms

brooklyn homes


Mortgage- A writtern instrument used to pledge a title to real property to secure payment of a promisory note.

REO-  An REO (Real Estate Owned) property is a property that goes back to the mortgage company after an unsucessful foreclosure auction.

Foreclosure- A foreclosure on real property occurs when an owners does not pay a judgement or lien against a property.

Lien- A claim that a person or instution has against the property of another for a debt , entitling the lien-holder the right to have the lien satisfied.


When you are ready to  buy or sell your Brooklyn home feel free to contact me at 917-861-9166.  I specialize in assisting sellers and buyers with their Brooklyn Real Estate needs.


Michele Cadogan

Fillmore Real Estate

Licensed Real Estate Associate Broker


About Cadogan's Brooklyn Real Estate Blog

Brooklyn New York Real Estate Associate Broker Michele Cadogan is a Brooklyn NY real estate professional who understands the Brooklyn Real Estate Market. She makes the process of buying and selling real estate in Brooklyn a good experience. A long time Flatbush Brooklyn resident, she has a tremendous appreciation of the borough, its great history and its diverse communities. With a degree in Political Science and Economics she brings a balance perspective to the Brooklyn NY real estate experience. Experience in marketing Brooklyn New York homes to local, national and global buyers, clients can always expect quality service Truly a professional in a people oriented business. So, when you are looking for a real estate agent in Brooklyn to help you buy or sell a Brooklyn Real Estate home call Michele. Brooklyn homeowners if you want to sell your home call Michele for a Free Market Analysis of your Brooklyn home at 917-861-9166 Not ready to buy or sell a home in Brooklyn and simply looking to rent an apartment in Brooklyn or just curious about the price of home in your Brooklyn neighborhood. Call : Michele Cadogan Fillmore Real Estate Licensed Real Estate Associate Broker 917-861-9166 Your Brooklyn Real Estate Professional Brooklyn Real Estate homes for sale #BrooklynRealEstateForSale #MicheleKnowsBrooklynRealEstate #BrooklynHomesForSale
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