by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and land surveying, a section is a unit of land measurement used in the government, or rectangular, survey system. A section consists of one square mile, totaling 640 acres. Sections are used as part of legal land descriptions and are numbered within a...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate finance, a second mortgage is a loan secured by a mortgage that has a lower priority than an existing first mortgage. Its lien ranks after the first mortgage in terms of legal precedence. Because a second mortgage is subordinate to the first, it carries...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate finance, the secondary mortgage market is the marketplace in which existing first mortgages or deeds of trust are bought and sold. This market allows lenders to convert mortgage loans into cash, enabling them to replenish funds for new lending....
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate finance, secondary financing refers to a loan secured by a mortgage or deed of trust that is junior in priority to an existing primary loan. The lien securing the secondary loan is subordinate to the first mortgage or trust deed. Because secondary...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and legal practice, satisfaction refers to the discharge of an obligation through full payment of the amount due. It commonly applies to the payoff of a mortgage or deed of trust or the payment of a debt established by a judgment. Once an obligation is...
