The replacement of excavated earth in a hole or against a structure.

A bad title is when the current sellers are not granted the ownership of title due to a multitude of reasons. These can be either legal or financial problems that lead to a bad title and therefore can prevent the seller from being able to sell the asset.

A financial statement that shows assets, liabilities, and net worth as of a specific date.

A balloon mortgage is a fixed rate, typically low payment loan, with a large remainder due at the end of the loan period. Frequently, these loans are re-amortized before the balloon payment comes due.

"Where the final installment payment on a note is greater than the preceding installment payments and it pays the note in full such a final installment is termed a balloon payment. Also called “lump sum” and other terms, a balloon payment is included in the amortization of your property. It is done sometimes on an annual, biannual, or quarterly basis—it depends on your agreement with the seller. Where an installment payment paid in grater amount and in full, a lump sum payment."

A kind of mortgage that did not fully amortize over the term stipulated in the agreement. Therefore, a remaining balance is left at maturity. The lump sum is called balloon payment, as it is significantly larger than the monthly payments. This often happens in commercial properties.

Availing of a loan from the bank comes with a handful of requirements, and banks usually just loan 70% or 80% of the property value, at the most.

A bank owned property is one that is taken back into a bank's inventory after the owner defaults on the mortgage loan. This type of property is likely to be sold at a discounted price or lower than other comparables in the same location.

A person, firm, or corporation that, through a court proceeding is relieved from the payment of all debts after the surrender of all assets to a court appointed trustee.

A proceeding in a federal court in which a debtor who owes more than his or her assets can relieve the debts by transferring his or her assets to a trustee.