For the golf industry, subprime may not mean subpar. The great golfing boom of the 1990's is a thing of the past, but the industry has held up surprisingly well in the turbulent post-September 11 era. The American economy weathered the shock of the attack relatively well, and the much-touted collapse of the leisure industries such as golf never materialized... >> CLICK HERE TO READ THE FULL ARTICLE.

Real Estate Vocabulary Builder:
Prepayment penalty
The charge payable under the terms of a loan agreement to a lender by a borrower if the outstanding principal balance of the loan is paid off prior to its maturity.

Preliminary title report
A report used as a basis for title insurance on the quality of the title which searches the public land records to determine the extent to which someone has legal interest in a parcel and also for encumbrances and liens or any other items of record that might affect ownership.


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Rory S. Coakley
Coakley Realty, Inc.
20 Courthouse Square - Suite 106
Rockville, MD 20850