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...

Refinance

In real estate finance, refinancing is the process of replacing or renewing an existing loan with a new loan, typically at current market interest rates. It usually involves the same borrower and may involve the same or a different lender, depending on the...

Redlining

In real estate and lending practice, redlining refers to the practice of marking or outlining certain geographic areas as high risk for lending purposes. Properties within these areas are denied loans or offered less favorable credit terms based primarily on location...

Redemption Period

In real estate law, a redemption period is the statutory time frame during which a borrower or property owner may redeem property after foreclosure. During this period, the owner can recover the property by paying the required amounts. Redemption periods are typically...