One to whom a grant is made. The purchaser of real property.
An account held by a lender for the payment of taxes, insurance or other
periodic debts against real property.
A means of ownership in which two or more persons own equal shares in
real property. Upon the death of one tenant, his/her share passes to the
remaining tenant(s) until title is vested in the last survivor.
A recorded document which claims an interest in real property as security
for a debt owed. Such liability may be created by contract, such as a
deed of trust, or by a court judgement.
The ratio of the mortgage loans principal to the propertys
appraised value or its sales price, whichever is lower.