!A dictionary of real estate and mortgage terms.abstract of title, abutting, acceleration clause, acceptance, accretion, acknowledgment, acre, ad valorem, additional principal payment, adjustable rate mortgage, adjusted basis, adjustment date, adjustment period, adjustments, administrator, administratrix, adverse possession, affidavit, agency, agent, alienation Clause, amenities, amendment, amortization, amortized mortgage, annual membership, antitrust laws, application, application fee, appraisal, appraised value, appreciation, asking price, list price, assessor, assignee, assignment, assumable mortgage, assumption of mortgage, attachment, attorney's opinion of title, attractive nuisance, auction, balloon mortgage, balloon payment, bill of sale, blanket mortgage, blockbusting, bond, bonus to selling agent, BTSA, breach of contract, brokerage, building line, bundle of rights, buy down, buyer's broker, calendar Year, cap, capital gains, capitalization, capitalization rate, cash Out, CC&R, CCCS, ceiling, census, Certificate of Eligibility, chain of title, channeling, chattel, cleaning fee, clear title, closing, closing costs, closing statement, cloud on title, co-op, co-tenants, collateral, commingling, commission, Community Reinvestment Act, comparables, compound interest, condemnation, condominium, consideration, constructive eviction, Consumer Credit Counseling Service, contingency, contract, contract for deed, contract for exchange of real estate, contract of sale, conventional loan, conveyance, cooperative housing, cooperative sale, cost approach to value, counter offer, covenant, covenants, credit bureau, credit file, credit insurance, credit limit, credit report, credit score, creditor, cul-de-sac, DBA, debenture debt service, debt-service ratio, Deceptive Trade Practices Act, deduction, deed, deed in lieu of foreclosure, deed of trust, deed restrictions, default, defeasanse, delivery, depreciation, descent, devise, disclosure, discount points, discount rate, dispossess, dominant tenement, down payment, dual agency, due on sale, duress, earnest money, earnest money contract, easement, easement by prescription, economic obsolescence, effective interest rate, effluxion of time, egress, emblements, eminent domain, enclave community, encroachment, encumbrance, endorsement, Equal Credit Opportunity Act, Equal Treatment/Different Impact, equity, escalator clause, escheat, escrow, escrow account, estimate of value, et ux, eviction, exception, exclusive agency, exclusive right to sell, exculpatory clause, executor, executrix, expropriation, Fair Housing Act, Fair Housing Amendments Act, Fair Housing Laws, Fannie Mae, FDIC, Federal Deposit Insurance Corporation, FDIC, Federal Emergency Management Agency, FEMA, Federal Home Loan Mortgage Corporation, FHLMC, Federal Housing Administration, fee simple estate, FHA, FHLMC, fiduciary, finder's fee, first mortgage, fixed rate mortgage, fixture, Flood Control District, flood insurance, flood plain, FNMA, For Sale By Owner, FSBO, foreclosure, forfeiture, fraud, Freddie Mac, front foot, functional obsolescence, garden home, gated community, general lien, general warranty deed, Ginnie Mae, Government National Mortgage Association, GNMA, good faith estimate, government survey method, grace period, grant deed, grantee, grantor, gross debt service, gross income, gross lease, habendum clause, hazard insurance, hereditaments, high-rise, highest and best use, HOA, hold harmless, home equity loan, home warranty, homeowners' association, homeowners' insurance, homestead, house closing, Housing and Urban Development, HUD, implied warranty of habitability, incidents of ownership, income approach to value, Independent School District, index, ingress, inspection clause, insurable title, interest, interest rate, intermediary, intestate, intimidation, invitee, joint tenancy, judgment, laches, landlord, latent defect, lease, lease option, lease purchase, leasehold estate, legal description, less favorable treatment, lessee, lessor, leverage, Levy Improvement District, licensee, LID, lien, lien theory state, life estate, life tenant, limited equity housing, lis pendens, listing agreement, loan-to-value ratio, loft, LTV, mandatory continuing education, manufactured home, margin, marginal land, market approach to value, market value, master-planned community, MCE, mechanic's lien, mediation, metes and bounds, mid-rise, mineral rights, minimum payment, minority, misrepresentation, mobile home, month-to-month tenancy, monument, mortgage, mortgage banker, mortgage broker, mortgage loan, mortgagee, mortgagor, MUD, Multiple Listing Service, MLS, Municipal Utility District, negative amortization, net lease, net listing, non-escrowing loan, nuisance, obsolescence, offer, open house, open listing, option, option fee, option period, ordinance, origination fee, panic peddling, party wall, patio home, percentage lease, personal property, personalty, physical deterioration, PITI, planned unit development, plat book, PMI, points, police power, power of attorney, prepayment, prepayment clause in a mortgage, prepayment penalty, primary mortgage market, prime rate, principal, principle of conformity, private mortgage insurance, promulgated contracts, property taxes, pro-rate, Public Utility District, PUD, puffing, purchase offer, qualify, qualifying ratios, quiet enjoyment, quitclaim deed, ready, willing and able, real estate, real estate board, real estate agent, Real Estate Appraiser, licensed, Real Estate Broker, Real Estate Center, Real Estate Inspector, licensed, Real Estate Salesperson, licensed, real property, REALTOR, realty, receiver, recorded plat, recording, recovery fund, redlining, refinancing, Regulation Z, RELA, release, remainder, rent control, reserves, reservation, RESPA, restrictions, right of survivorship, riparian owner, Road Utility District, running with the land, Rural Fire Prevention District, sales contract, Salesperson Annual Education, SAE, secondary mortgage market, security deposit, security interest, self amortized loan, servicing a loan, servient tenement, setback, shared equity mortgage, short sale, simple interest, single family home, special warranty deed, specific performance, spite fence, Statute of Frauds, statutory year, steering, subject to mortgage, sublease, subpoena, substitution, principle of, succession, suit for specific performance, TALCB, taking, tenancy by the entirety, tenancy in common, tenant, tenants in common, tenement, term, Texas Appraiser Licensing and Certification Board, Texas Deceptive Trade Practices, Consumer Protection Act, Texas Housing Agency, Texas Natural Resource Conservation Commission, Texas Real Estate License Act, Texas Real Estate Commission, Texas Veterans Home Improvement Program, Texas Veterans Housing Assistance Program, Texas Veterans Land Program, time is of the essence, timeshare, title, title company, title insurance, title search, title theory state, TNRCC, torrens system, townhouse, transaction fee, TREC, TRELA, TRERC, triple net lease, trust deed, trustee, underwriting, unlawful detainer, usufruct, usury, VA, vara, variable rate, variance, vendee, vendor, view ordinance, village acre, virtual home tour, void, voidable, waiver, walk through, warranty deed, writ of execution, zero lot line, zoning

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GLOSSARY OF MORTGAGE AND REAL ESTATE TERMS

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