LATEST STORIES

Maturity

In real estate finance, maturity refers to the date or period at which a promissory note comes to an end and the remaining balance of the loan becomes due. It marks the termination of the note and the borrower’s obligation to repay the debt according to its terms. At...

Like-Kind Property

In real estate taxation, Like-Kind Property is a term used in tax deferred exchanges under Section...

Life Estate

In real estate law, a Life Estate is an ownership interest in property that lasts for the lifetime...

Redemption

In real estate law, redemption is the process by which a defeasible title to land is canceled or defeated. It typically involves reclaiming ownership after a mortgage foreclosure or tax sale by satisfying the required legal and financial conditions. Redemption usually...

Redeem

In real estate and legal usage, to redeem means to buy back, repurchase, or recover property or rights that have been lost or transferred. Redemption often occurs by paying a required amount or fulfilling specific legal conditions. In real estate transactions, the...

Recording Fee

In real estate transactions, a recording fee is the charge paid to a county recorder’s office to file a document as part of the public record. This fee covers the administrative cost of officially recording the instrument. Recording fees are typically assessed for...

Recording

In real estate law, recording is the process of filing documents that affect real property with the appropriate public office, usually the county recorder. Commonly recorded documents include deeds, mortgages, deeds of trust, and liens. Recording gives constructive...

Recorder’s Office

In real estate law, the recorder’s office is a county government office responsible for maintaining public records related to real property. It is the place where legal instruments affecting land are officially filed and recorded. Documents commonly recorded in the...

Recorded Plat

In real estate and land surveying, a recorded plat is a subdivision map that has been officially filed and accepted as part of the public record. It shows the division of land into lots, blocks, streets, and easements. Once recorded, the plat provides the legal...

Recorded Map

In real estate and land records, a recorded map is a map that has been officially filed with the county recorder’s office. It may depict a subdivision or describe the boundaries and features of a nonsubdivided parcel of land. Once recorded, the map becomes part of the...

Recordation

In real estate law, recordation is the act of filing legal instruments with a county recorder or similar public office. Documents commonly recorded include deeds, mortgages, deeds of trust, and liens. Recordation provides public notice of interests affecting real...

Reconveyance Deed

In real estate finance, a reconveyance deed is a legal instrument used to transfer title from a trustee back to the equitable owner of real property. It is issued when the obligation secured by a deed of trust has been fully satisfied. Once the loan is paid in full,...

Reconditioning

In real estate, reconditioning refers to the process of restoring a property to good or sound condition without altering its original design, layout, or character. It focuses on repair and maintenance rather than structural or aesthetic changes. Reconditioning...

HUD

HOUSING & URBAN DEVELOPMENT

HUD

(Department of Housing and Urban Development)

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