... land’s value. It can take numerous forms, such as zoning ordi-nances, easement rights, claims, mortgages, liens, charges, a pending legal action,unpaid taxes, or restrictive covenants. An encumbrance ... include escrow amounts covering taxes, hazard insurance,water charges, and special assessments. Mortgages generally run from 10 to 30years, during which the loan is to be paid in full.Mortgage ... for, 197–199long-term, 192nonrecourse, 196, 209recourse, 195–196term of, 196–197underwriting guidelines for,209–210Loan-to-value ratio (LTV), 121,209, 239Lockout period, 201–202LoopNet,...