Real Estate Glossary
There are 91 entries in this glossary.
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E
| Term |
Definition |
| Earnest Money |
Money put down by a potential buyer to show that he or she is serious about purchasing the home; it becomes part of the down payment if the offer is accepted, is returned if the offer is rejected, or is forfeited if the buyer pulls out of the deal.
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| EEM |
Energy Efficient Mortgage; an FHA program that helps homebuyers save money on utility bills by enabling them to finance the cost of adding energy efficiency features to a new or existing home as part of the home purchase.
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| Equity |
An owner's financial interest in a property; calculated by subtracting the amount still owed on the mortgage loan(s)from the fair market value of the property.
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| Escrow Account |
A trust account created by a third party to hold money. A mortgage escrow account is an account set-up to pay taxes and insurance. Monthly mortgage payments may include 1/12 of annual property taxes and insurance. When the bills comes due, lenders use the money in the escrow account to pay them.
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Dining Reviews
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Arizona Pizza Company, 3 stars
The Glendale location of the Arizona Pizza Company is the back-East chain's first foray into its namesake state. It's basically an expansive sports bar, complete with servers dressed like referees and more than two dozen televisions tuned in to all kinds of sports events. But the menu is far more than just wings and burgers.
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Pho Ao Sen, 3.5 stars
This upscale Vietnamese restaurant, one of the prettiest in town, offers pho and other Vietnamese classics, as well as a handful of unique and utterly delicious specialties.
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Pollo Campero, 3 stars
Guatemalan-based Pollo Campero offers fried and grilled chicken. Grilled chicken is a thing of beauty: skin on, a little charred in spots, served with wedges of lime. The chicken burrito is a chubby roll of tortilla wrapped around bits of chicken, cheese, peas, chopped carrots, beans and rice.
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Shimogamo Japanese Restaurant, 4 stars
Traditional yet contemporary Shimogamo offers sushi and traditional Japanese dishes alongside modern Japanese specialties, including BBQ beef tongue, panko-breaded fried oysters with tonkatsu sauce and miso-marinated black cod. Don't miss inspired sushi rolls, such as the Shimogamo and the tsunami.
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Phoenicia Mediterranean Grill, 3 stars
More streamlined and modern-looking than its original Tempe location, this small Gilbert outpost for Middle Eastern food offers all the basics - hummus, tabouleh, falafel, gyros, lamb and baklava - at reasonable prices. For a real bargain, check out the all-you-can-eat lunch buffet ($8.99 per person), offered Fridays-Sundays.
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