The Real Estate
Encyclopedia: P-T

In real estate law, a release is a legal instrument used to remove a lien or claim from property, such as one created by a mortgage or judgment. It formally acknowledges that the obligation secured by the lien has been satisfied or otherwise discharged. When a deed of...

In real estate finance, R.E.I.T. stands for real estate investment trust. It refers to a business entity or trust that owns, operates, or finances income producing real estate. Real estate investment trusts are typically organized to comply with requirements of the...

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...

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...

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...

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...