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Release
Release An instrument releasing property from the lien of the mortgage, judgment, etc.
RELATED TERMS--------------------------------------
Instrument
A written legal document created to secure the rights of the parties participating in the agreement.
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.
Lien
A charge or claim by one party on the property of another as security for the payment of a debt.
Mortgage
A legal document pledging property as security for the payment of a loan.
Judgment
A formal decision issued by a court relating to the specific claims and rights of the parties to an act or suit.
SIMILAR TERMS--------------------------------------
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.
PREVIOUS AND NEXT TERMS--------------------------------------
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)
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
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.
Reliction
An increase of the land by the permanent withdrawal of the ocean or a river.
Relinquished property
The property given up in the exchange.
This dictionary contains 6433 terms. |
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