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REIT (Real Estate Investment Trusts)
REIT (Real Estate Investment Trusts) A business trust or corporation that combines the capital of many investors to acquire or provide financing for real estate.
RELATED TERMS--------------------------------------
Trust
An arrangement whereby legal title to property is transferred by the grantor (or trustor) to a person called a trustee, to be held and managed by that person for the benefit of another, called a beneficiary.
Corporation
An entity or organization, created by operation of law, whose rights of doing business are essentially the same as those of an individual.
Capital
Accumulated wealth.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Regulation Z
Implements the Truth-in-Lending Act requiring credit institutions to inform borrowers of the true cost of obtaining credit.
Rehab
Extensive renovation intended to cure obsolescence of a building or project.
Rehabilitation mortgage
A mortgage that covers the costs of rehabilitating (repairing or Improving) a property.
Reinstatement
To bring something back to its prior position, as in restoring a defaulted loan to current status.
Reissue rate
A charge for a title insurance policy if a previous policy on the same property was issued within a specified period of time.
REIT (Real Estate Investment Trusts)
Rejection
Proposing any deviation from the terms of the offer constitutes a rejection of the original offer and becomes a new offer.
Release
An instrument releasing property from the lien of the mortgage, judgment, etc.
Release clause
A provision found in many blanket mortgages enabling the mortgagor, upon payment of a specific sum of money, to obtain a partial release of particular portions or parcels of the collateral.
Release deed
A document that transfers all rights given a trustee under a deed of trust loan back to the grantor after the loan has been fully repaid.
Release of liability
The release of an old borrower from further responsibility for repayment of an assumed loan.
This dictionary contains 6433 terms. |
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