SIMO
Simultaneous closing (SIMO) is a strategy in the real estate financing field. Here, two simultaneous transactions happen at the time of close on a piece of property. First, the seller makes a mortgage note for the buyer to help in financing the property. Next, the note is sold to an investor once closed. This pays the seller cash. Thus, the buyer makes mortgage payments to the investor that holds the note. The seller receives cash for the note, while the buyer gets the title to the property. This means that the seller will no longer receive mortgage payments and will no longer be involved in future transactions.
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An investor’s systematic attack plan to guide his investment decisions according to an individual’s financial goals, risk tolerance, an ...
American Jobs Creation Act of 2004
Designed for multinational corporations, domestic manufacturers and other entities, as well as energy sector and the agriculture. It has 270 provis ...
DOP
Currency abbreviation for the peso oro, Dominican Republic’s lone official legal currency. The currency is comprised of 100 centavos and is p ...
Short-Term Paper
Short-Term Paper is a kind of financial instrument. They usually have less than nine months in their original maturity and are issued with a discou ...
Endowment
Financial asset donated to a non-profit institution, in the form of investment funds or property, with the purpose at the donor’s bequest. Th ...
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