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Owner Financing

A property purchase transaction in which the property seller provides all or part of the...

Security

The property that will be pledged as collateral for a...

Acceptance

An offeree's consent to enter into a contract and be bound by the terms of the...

Deed-In-Lieu

A deed given by a mortgagor to the mortgagee to satisfy a debt and avoid foreclosure. Also called a "voluntary...

Grantee

The person to whom an interest in real property is...

Foreclosure

The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This...

Title Company

A company that specializes in examining and insuring titles to real...

Radon

A radioactive gas found in some homes that in sufficient concentrations can cause health...

Money Market Account

A savings account that provides bank depositors with many of the advantages of a money market fund. Certain regulatory restrictions apply...

Assignment

The transfer of a mortgage from one person to...