| Term | Definition |
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| Back fill | Soil used to solidify the foundation of a structure.
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| Back title letter | A letter that a title insurance company gives to an attorney who then examines the title for insurance purposes.
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| Back-to-back escrow | Arrangements that an owner makes to oversee the sale of one property and the purchase of another at the same time.
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| Backup offer | A secondary bid for a propertythat is accepted if the first offer fails.
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| Backwater valve | A valve in a sewer line that prevents sewage from flowing back into a house.
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| Balance sheet | A statement that shows the assets, liabilities and net worth of an individual.
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| Balloon loan | A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.
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| Balloon payment | The final lump sum payment due at the end of a balloon mortgage.
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| Balloon-frame construction | A type of framing used in two-story homes in which studs extend from the ground to the ceiling of the second floor.
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| Balustrade | Railing held up by a set of posts on a porch or stairway.
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| Bankruptcy | A proceeding in which an insolvent debtor can obtain relief from payment of certain obligations. Bankruptcies remain on a credit record for seven years and can severely limit a person's ability to borrow.
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| Bargain sale | The sale of a piece of property for less than market value.
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| Baseboard | Any board or molding found at the bottom of an interior wall.
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| Baseboard electric heat | Heating units installed in the floor that can be controlled by a central thermostat.
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| Basement | The area of a home below ground level.
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| List is 5 pages long |
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