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Reissue rate
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.
RELATED TERMS--------------------------------------
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Regression
An appraisal principle that states that between dissimilar properties the value of the better-quality property is affected adversely by the presence of the lesser-quality property.
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
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.
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.
This dictionary contains 6433 terms. |
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