top of page
Statement of Information (SI)
Statement of Information (SI): A confidential information statement completed by the buyer, seller and borrower in every transaction...
Record Owner
Record Owner: The owner of property as shown by an examination of the public record. CALL US AT OUR 24 HOUR CUSTOMER SERVICE...
Recordation
Recordation: Involves filing for record in the office of the county recorder for the purpose of giving constructive notice of title,...
Reconveyance
Reconveyance: The conveyance to the landowner of the title, held by a trustee under a deed of trust, when the performance of the debt...
Real Estate Settlement Procedures Act (RESPA)
Real Estate Settlement Procedures Act (RESPA): A federal statute requiring disclosure of certain costs in the sale of residential,...
Quitclaim Deed
Quitclaim Deed: A deed relinquishing all interest, title or claim in a property by a grantor. Accomplished without representing that...
Proration
Proration: The method used in dividing charges into that portion which applies only to a party’s ownership up to a particular date....
Private Mortgage Insurance (PMI)
Private Mortgage Insurance (PMI): Insurance written by a private mortgage insurance company protecting the mortgage lender against...
Principal
Principal: The sum of money outstanding upon which interest is payable. Also refers to one who is served by an agent. CALL US AT OUR 24...
Points
Points: A fee charged by the lender to fund a loan, in addition to and separate from other fees charged. One point equals one percent...
Recent Post
bottom of page