Mortgage - Law Dictionary Search Results
race-notice
the same property] : of, relating to, or being a recording act which stipulates that an unrecorded deed, mortgage, or lien shall not be valid against a recorded one unless the recording party (as a subsequent purchaser
rate cap
rate cap a limit on an ARM on how much the interest rate or mortgage payment may change. Rate caps limit how much the interest rates can rise or fall on the adjustment
real right
real property since it can also be attached to movable property. Real rights include ownership, use, pledge, usufruct, mortgage, and predial servitude.
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record
office as a record and notice of a title or interest in property [ a deed] [ a mortgage] see also recording act 3 : to cause (as sound, images, or data) to be registered on something
redeem
collateral] b : to exercise an equity of redemption in (real property) by payment in full of a mortgage debt after default but prior to a foreclosure becoming effective [a right to property prior to the actual
refinance
revise the terms of (a debt obligation) esp. in regard to interest rate or payment schedule [ a mortgage] vi : to finance something anew
remedy
to put the parties in the position in which they were prior to the attempted agreement "First Nat'l Mortgage Corp. v. The Manhattan Life Ins. Co., 360 So. 2d 264 (1978)"] [specific performance and other equitable remedies]
sale
satisfy a creditor's judgment against a debtor foreclosure sale : a sale of property upon default of a mortgage to satisfy the debt judicial sale : a sale of property conducted by an authorized official by order
prepayment
prepayment payment of the mortgage loan before the scheduled due date; may be Subject to a prepayment penalty. Source: U.S. Department of Housing
satisfaction
and satisfaction compare accord, transaction c : a document indicating that an obligation has been satisfied [a of mortgage] 2 : the quality or state of being satisfied
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