Define toboggan: a long flat-bottomed light sled made usually of thin boards curved up at one end with usually low handrailsâ¦ â toboggan in a sentence a long flat-bottomed light sled made usually of thin boards curved up at one end with usually low handrails at the sidesâ¦
First Exit in New Jersey. This is the blog of Stacey Morrison, full-time realtor and veteran in Hoboken real estate sales. Solid real estate nformation and an honest professional opinion on real estate in Hoboken NJ. The term DABO, which realtors will bandy about effortlessly, means Deposit Accepted By Owner. What is really means is that there is not only an accepted offer but that contracts have been written and the parties have gotten through attorney review. Attorney review in New Jersey last a minimum of three FULL business days and usually the attorneys extend it, typically it lasts 5-6 days.
Real estate owned. Real estate owned or REO is a term used in the United States to describe a class of property owned by a lenderâtypically a bank, government agency, or government loan insurerâafter an unsuccessful sale at a foreclosure auction. A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when ...