Glossary of terms used on this site
There are 84 entries in this glossary.S
| 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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