A CLA is a conditional loan approval. It’s basically just a form from a bank or other lending institution that proves to the seller of the home that you’ve been pre-approved for a loan to buy the house. It firms up your offer and makes you a more solid candidate. A CLA is very easy to obtain.
What is a CLA in lending?
1. CLA is conditional loan approval. It’s used by the mortgage underwriters to include an additional support document to notify the loan originators about any requirement needed for proper documentation of the mortgage loan. It’s your lender’s formal agreement to provide you a mortgage based on the conditions requested
What does aka mean in real estate?
An AKA, or ‘Also Known As’ letter is one where the individual confirms a name variation has been used in the past. Lenders need to know exactly who they’re providing a loan for and during the course of receiving a loan application and reviewing a credit report, there can be more than one name listed on the report.
Who holds title in seller financing?
Who holds the title in seller financing? Under the terms of seller financing, the property owner (the home seller) retains the title to the home as a form of leverage until the mortgage has been paid off in full.
What is a CLA in real estate? – Related Questions
What does em mean in a real estate offer?
Earnest money, or good faith deposit, is a sum of money you put down to demonstrate your seriousness about buying a home. In most cases, earnest money acts as a deposit on the property you’re looking to buy. You deliver the amount when signing the purchase agreement or the sales contract.
What does aka stand for in business?
An abbreviation for “also known as.” It is used in business when a person or, less commonly, a company, has two names or a nickname that is often used.
What is the abbreviation for real estate?
| Acronym |
Definition |
| RE |
Reference |
| RE |
Real Estate |
| RE |
Regarding |
| RE |
Reply |
How do you write aka in legal documents?
prep. abbreviation for “also known as” when someone uses different initials, a nickname, a maiden or married name. Example: Harold G. Snodgrass, a.k.a. Harry Snodgrass, a.k.a. H. G.
Is aka an acronym?
a. k. a. is an abbreviation for `also known as.
Is a/k/a correct?
What Does AKA Mean? The terms a.k.a. and aka are acronyms for the phrase also known as. Most often used to describe a person’s aliases, pseudonyms or nicknames, a.k.a. and aka may also be used when describing another name for a place or object.
What is the full form of XOXO?
It’s pretty common knowledge that XOXO means “hugs and kisses.” As Dictionary.com defines it, the phrase is generally thought of as a “lighthearted way of expressing affection, sincerity, or deep friendship.” The X represents a kiss, while the O represents a hug.
Is it OK to use aka in a paper?
You can either capitalize all the letters, or none of them. This means you can write “AKA”, or “aka”, which will be correct. But something like “Aka”, “AKa”, “AkA”, “aKa”, “aKA”, “akA” etc.
What can I use instead of AKA?
synonyms for AKA
- assumed name.
- moniker.
- pseudonym.
- stage name.
- anonym.
- handle.
- nickname.
- nom de guerre.
How do you use fka?
Examples of FKA
“We started changing everything we could to ‘FKA Viet Cong’ until we had a new band name,” Munro says, “which we didn’t at that point.”
When should I use IE?
Deciding When to Use “i.e.” Use “i.e.” to say “that is” or “in other words.” Use the abbreviation “i.e.” when you want to add on to the first part of a sentence and give the reader more information. The information should explain the first part of the sentence in more detail so the reader understands it better.
What is IE example?
I.e. means “that is,” as in “She’s a Hoosier, i.e., she’s from Indiana.” E.g. means “for example,” as in “She roots for the local teams, e.g., the Pacers and the Colts.” Feel free to print this out and post it wherever you need it.
Should I use IE or EG?
E.g. is used to give one or more possible examples. It’s a signal that you’re seeing one or a few of multiple possibilities. I.e., on the other hand, clarifies; you are providing more precise information. Where e.g. opens up more options, i.e. narrows them down.
What is the difference between EG and ex?
“E.g.” is the abbreviation of the Latin phrase “exempli gratia” meaning for example. “Ex.” Has become a logical abbreviation or short form for the word example although its usage is not very common. It may be used to refer to a cited example e.g. “see ex.
What does Exe stand for?
executable file (EXE file)
What does XP stand for?
abbreviation. experience point(s).