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Simple English definitions for legal terms

real-estate mortgage trust

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A quick definition of real-estate mortgage trust:

A real-estate mortgage trust, also known as REMT, is a type of investment trust that deals with buying and selling mortgages on real property. Unlike other real estate investment trusts, REMTs do not invest in the actual property itself, but rather in the mortgages associated with it. This means that investors in REMTs are essentially investing in the loans that people take out to buy real estate, rather than the real estate itself.

A more thorough explanation:

A real-estate mortgage trust, also known as REMT, is a type of investment trust that deals with mortgages on real property instead of the property itself. This means that the trust buys and sells mortgages, which are loans that people take out to buy real estate, rather than buying and selling the actual real estate.

For example, let's say that a person wants to buy a house but doesn't have enough money to pay for it outright. They can take out a mortgage, which is a loan from a bank or other lender that is secured by the property. The lender then sells that mortgage to a real-estate mortgage trust, which collects the payments from the borrower and earns a profit from the interest on the loan.

Another example of a real-estate mortgage trust is one that invests in commercial mortgages. These are loans that are used to finance the purchase of commercial properties, such as office buildings or shopping centers. By investing in these mortgages, the trust can earn a steady stream of income from the interest payments.

Overall, real-estate mortgage trusts are a way for investors to earn income from the real estate market without actually owning any property. Instead, they invest in the mortgages that are used to finance real estate purchases.

real-estate-mortgage investment conduit | real estate owned

General

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ParallelAgreeableOrangutan

22:02

tbh kinda losing my mind, I'm visiting my parents in my childhood home and whenever I do this I remember why I never do this aahhaha

ParallelAgreeableOrangutan

22:02

My dog likes it here tho

ParallelAgreeableOrangutan

22:02

How are youuuuu?

llama

22:26

@ParallelAgreeableOrangutan: Deep/tough. Feels. Im well working on a project so im happy :)

NemoPropheta

22:28

should i hit the dmt pen in the sauna and meet god

ParallelAgreeableOrangutan

22:31

Ooh what kind of project? Work, passion, neither, both?

ParallelAgreeableOrangutan

22:31

@NemoPropheta: do it do it

NemoPropheta

22:37

alright day before my lsat ill hit a blinker in the sauna and become one with the test

llama

22:47

@ParallelAgreeableOrangutan: law school data so just passion.

llama

22:47

@NemoPropheta: noo they drug test before the LSAT! U will get flagged!

ParallelAgreeableOrangutan

23:19

I'm intrigued llama

ParallelAgreeableOrangutan

23:21

Holdddddup all that number crunching on your lsd profile is your work? Damn

ParallelAgreeableOrangutan

23:21

I don't visit y'all's profiles enough, clearly

NarrowFaithfulCougar

0:22

@NemoPropheta: Ahh yeah, the Sauna. That's some good Nordic shit. Beats the hot tub hands down. Plus everyone is naked.

llama

1:23

@ParallelAgreeableOrangutan: got that weaponized autism in gear, we out here.

RasheedWallaceFan

12:52

@llama: your cycle confuses me, your stats are good and you applied early but all of those Rs? Is there anything weird about your app?

RasheedWallaceFan

12:53

do you have C&F issues or something?

RasheedWallaceFan

12:55

also ur first choice is kansas but you didnt apply there?

llama

12:55

@RasheedWallaceFan: Hi. Yes, I waited for April LSAT, put almost all apps (which were sent really early) so that basically most of my apps were reviewed In May. Shot myself in the foot for 155 -> 161 lmao. Would not recommend 10/10

llama

12:57

@RasheedWallaceFan: unironically, KSLS was my top choice, however by April LSAT their app had closed. It was like waiting to date ur dream partner, but waiting until you graduate uni, then by the time u graduate uni, your soul mate is already married with 2.4 kids and 1.6 dogs. Heartbreak.exe fr fr

NemoPropheta

12:58

are you R&Ring?

llama

13:00

No, I think what I will do is flip a coin: heds NKU, tails NEL|B what u guys think bout dat. Then once 1L - if good at LS, try to transfer, if bad at LS or one of my grandiose ideas/inventions are viable, drop out and pursue.

RasheedWallaceFan

13:10

oh so you submitted the apps with a lower lsat and then retook

RasheedWallaceFan

13:10

got it

Bettercaulsaul

13:33

Most schools will hold your application for the next test score to be released into your account as well. I was notified by an admissions director that if a decision is processed they will not retroactively go back for the new score even if higher

ParallelAgreeableOrangutan

13:34

I vote NEL-Boston so we can be friends :D

ParallelAgreeableOrangutan

13:34

But it says you withdrew?? :(

ParallelAgreeableOrangutan

13:41

@Bettercaulsaul: in my experience, there is often an option on the application for you to choose whether you'd like them to review your application as-is ASAP or hold it until your new score is released. but it probably varies by school—I just remember seeing that option on at least a few app forms

llama

2:21

While I am unsure of what option you are referring to, I personally just emailed each school and asked for them to hold my app pending my lsat score release.

llama

2:22

Sorry WNE = Western New England not NEL|B

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