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REAL ESTATE GLOSSARY
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QUADRAPLEX
Any building designed to accommodate four families.
QUALIFYING RATIOS
Calculations that are used in determining whether a borrower can qualify for a mortgage. They consist of two separate calculations: a housing expense as a percent of income ratio and total debt obligations as a percent of income ratio.
QUIET TITLE ACTION
A court action to settle a title dispute.
QUITCLAIM DEED
A deed that transfers without warranty whatever interest or title a grantor may have at the time the conveyance is made.
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Home mortgages subject to credit review and approval