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Glossary of terms used on this site

There are 84 entries in this glossary.
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Term Definition
Second Mortgage

A mortgage that has a lien position subordinate to the first mortgage.

Security

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

Survey

A drawing or map showing the precise legal boundaries of a property, the location of improvements, easements, rights of way, encroachments, and other physical features.

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