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Occupancy
A term referring to the use of the property. Generally, there are four types of occupancy: 1) owner (lives in the property), 2) non-owner (does not live in the property, rents the property), 3) investment, and 4) second/vacation (property is not rented, but is lived in at least one day per year by the owner).

Open Debt
Money that is owed.

 
 
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