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...

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...

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...

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...

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...

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...

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...

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...

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...

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...