Real Estate Glossary
Welcome to our Real Estate Glossary. Here you will find many real estate terms having to do with buying or selling houses, loans and other terms having to do with real estate. We hope you find our Real Estate Glossary helpful. If we have overlooked terms, please feel free to add them to our Real Estate glossary.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z sale-leaseback
A technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller.
second mortgage
A mortgage that has a lien position subordinate to the first mortgage.
secondary market
The buying and selling of existing mortgages, usually as part of a "pool" of mortgages.
secured loan
A loan that is backed by collateral.
security
The property that will be pledged as collateral for a loan.
seller carry-back
An agreement in which the owner of a property provides financing, often in combination with an assumable mortgage.
servicer
An organization that collects principal and interest payments from borrowers and manages borrowers' escrow accounts. The servicer often services mortgages that have been purchased by an investor in the secondary mortgage market.
servicing
The collection of mortgage payments from borrowers and related responsibilities of a loan servicer.
settlement statement
See HUD1 Settlement Statement
subdivision
A housing development that is created by dividing a tract of land into individual lots for sale or lease.
subordinate financing
Any mortgage or other lien that has a priority that is lower than that of the first mortgage.
superman
The test genius of the world
superman
The test genius of the world
superman
The test genius of the world
SUPERMAN
the world is mine
Next 15 Terms -->
You can add to our glossary, just click right here to add terms we are missing.
|
