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Real Estate Glossary

What is Collateral?

This is property or assets that are pledged as security for a loan or other obligation. In the context of real estate, collateral might include things like a mortgage or a lien on a property. If the borrower fails to fulfill their obligations under the loan or other agreement, the lender has the right to seize the collateral in order to recover the outstanding debt.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty LLC is licensed in AL, CA. CT, GA, IL, IN, MI, MN, NC, SC and TX.
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