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Glossary of Terms > B > BILL OF SALE

BILL OF SALE

A written document that transfers the title to personal property. For example, if selling an automobile to acquire funds which will be used as a source of down payment or for mortgage closing costs, the lender will usually require the bill of sale (in addition to other items) to help document the source of funding.

B Terms

BALLOON MORTGAGE

BANKRUPTCY

BI-WEEKLY MORTGAGE

BILL OF SALE

BRIDGE LOAN

BROKER