Glossary |
Terms that are on use on this site.
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| There are 12 entries in the glossary. |
| Pages: 1 |
| Real Estate | Land, improvements on the land and the rights that go with ownership of the land. |
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| Realtor | A real estate agent who is an active member of a state and local real estate board that is affiliated with the National Association of Realtors. |
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| Recording | The filing of a document at the county recorder's office. |
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| Rectangular Survey System | System of grids comprised of range and township lines dividing the land into townships which are then divided into sections. |
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| Redemption | A defaulting mortgagor reinstating a loan and preventing foreclosure by paying all delinquent amounts, plus costs. |
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| Redemption, Equitable Right of | A mortgagor having the right to cure the default and reinstate a loan prior to the foreclosure sale. |
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| Redemption, Statutory Right of | A mortgagor having the right to keep their property after the foreclosure sale by paying the amount that the highest bidder at the sale paid, plus interest and expenses. |
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| Reinstate | Preventing foreclosure by curing the default. |
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| Release | A document in which a legal right is given up. |
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| RESPA | Real Estate Settlement Procedures Act. |
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| Restriction, Deed | Restrictive covenant in a deed. |
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| Right of Way | An easement which allows the holder the right to cross another person's land. |
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Glossary V2.0 |
Real Estate Terms