Reissue Rate

In real estate transactions, a reissue rate is a reduced charge for a title insurance policy when a previous policy on the same property was issued within a specified period of time. It reflects the lower risk associated with insuring a title that was recently...

Reinstatement

In real estate finance, reinstatement is the act of paying the amounts necessary to bring a loan out of default and restore it to good standing. This typically includes past due payments, interest, fees, and any related costs. Reinstatement allows the borrower to cure...

Rehabilitation

In real estate, rehabilitation generally refers to the process of improving or restoring a property and is often used synonymously with reconditioning. In this sense, it involves repairs and upgrades that return a property to good condition. When used in the context...

Regulation Z

In real estate finance and consumer credit law, Regulation Z is a federal regulation issued under the Truth in Lending Act. It requires lenders to disclose in writing all costs and terms associated with the credit portion of a transaction. Regulation Z is designed to...

Reformation

In real estate and contract law, reformation is a legal remedy obtained through a court action to correct a mistake in a deed or other written instrument. It is used when the document does not accurately reflect the true intent of the parties due to error. Reformation...