Average Buyer: Bubble Glossary

Average Buyer: Bubble Glossary

As many of you know, on Friday’s usually post some kind of “real estate porn” here. I may do that later this afternoon, but in a related note, below is a list of acronyms commonly seen by those of us that frequent the real estate blogs and posted by Average Buyer. Also if you get a chance, check out the blog linked to above. Witty, and informative writing.

Real Estate Lingo –
HELOC – Home Equity Line of Credit
ARM -Adjustable Rate Mortgage
MO – Mortgage Officer
NOD – Notice of Default
REO – Real Estate Owned
FB – F*cked Buyer
RE – Real Estate
GF – Greater Fool
FSBO – For Sale By Owner
RSI – Real Estate Industry
CDO – Collateralized Debt Obligation
MBSMortgage Backed Security
NOT – Notice of Transfer

Also, we’re helping a new kind of real estate agency launch very soon. If any of you are interested in learning more, drop me an email and I’ll send you a note when their site is live.

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