Use this glossary of mortgage terms to better understand the overall mortgage process as well as any specific mortgage terms that may be unfamiliar to you. A Abstract of title [skip to next word] A written history of all the transactions related to the title for a specific tract of land.
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PLANO, Texas, Feb. 25, 2016 (SEND2PRESS NEWSWIRE) – Nancy G. Pratt, vice president of Partner Strategies & Government Affairs at real estate technology company Pavaso, was elected to serve as co-chair.
We define mortgage, and other industry terms for home buyers. Discover helps you understand common mortgage terms and meanings.. glossary list.. Fees incurred in a real estate or mortgage transaction and paid by borrower and/or seller during a mortgage loan closing. These typically include.
Mortgage A mortgage is a loan that uses a piece of real estate as a security. Once that loan is paid-off, the lender provides a discharge for that mortgage. Mortgagee The financial institution or person (lender) who is lending the money using a mortgage. Mortgagor The person who borrows the money using a mortgage. back to top
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Depending on local industry customs, the seller, the agent or both may cover the expense. But some real estate. outstanding mortgage, a loss occurs, which, on a personal-use property, receives no.
The Real Estate Industry has its own unique language and, without some knowledge of this language, you may find yourself a bit confused if you become involved in a real estate transaction. With this in mind, the experts at Our Title Companies have compiled the following glossary of terms commonly used in the real estate industry.
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