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Meridian
Financial
4501 E. La Palma, Suite 150
Anaheim, CA 92807
Phone: 1-866-333-1500 (Toll Free)REAL ESTATE AND MORTGAGE TERMS: R
- Land and anything permanently affixed to the land and those things attached to the
building.
- A middle man or agent who buys and sells real estate for a company, firm, or individual
on a commission basis. The broker does not have title to the property, but generally
represents the owner.
- A pecuniary charge laid upon real property for public purposes.
- Registered name for a member of the NATIONAL ASSOCIATION OF REALTORS.
- Salesperson associated with a broker who is a member of a the NATIONAL ASSOCIATION OF
REALTORS.
- A synonym for real estate.
- Setting forth in a deed or other writing some explanation for the transaction.
- The act of writing or entering an instrument in a book or public record, usually in the
office of the county clerk and recorder. Such recording constitutes notice to all persons
of the rights or claims contained in the instrument. This type of notice is called
"constructive notice" or "legal notice."
- The right of the holder of a note secured by a mortgage or deed of trust to look
personally to the borrower or endorser for payment.
- The practice of refusing to provide loans or insurance in a certain neighborhood.
- The repayment of a debt from the proceeds of a new loan using the same property as
security.
- A charge for a title insurance policy if a previous policy on the same property was
issued within a specified period of time. Reissue is less than the original charge.
- A method in investing real estate in a group, with certain tax advantages.
- Annulling a contract and placing the parties to it in a position as if there had not
been a contract.
- An instrument releasing property from the lien of the mortgage, judgment, etc.
- A federal regulation that requires lenders and mortgage brokers to disclose to
borrowers, in advance, the fees required to obtain a mortgage loan.
- Private restrictions limiting the use of real property. Restrictive covenants are
created by deed and may "run with the land," binding all subsequent purchasers
of the land, or may be "personal" and be binding only between the original
seller and buyer.
- Formerly, federal tax on a sale of real property. Canceled and replaced by state tax
stamps.
- A special program for the elderly that provides income until death. Payment requirements
are arranged through the increase in the principal amount of the loan.
- Pertaining to the banks of a river, stream, waterway, etc.
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