Warranty Deed: Full title guarantees
General Warranty Deed: Guarantees entire ownership history
Special Warranty Deed: Only guarantees seller’s ownership
Limited Warranty Deed: Restricted or Very limited title warranty
Quit Claim Deed: Transfers property without title warranty
Tax Deed: Transfers property due to tax foreclosure for unpaid taxes
Deed of Trust/Trust Deed: Security instrument for property loans
Transfer On Death Deed: Property transfer upon death without probate
Assignment of Mortgage: Transfers mortgage ownership
Deed in Lieu: Voluntary transfer of property to avoid foreclosure
Marketable Chain of Title: Clear and unbroken history of property ownership
Release of Interest: Removal of claim or stake in property
Husband and Wife: Joint spousal ownership
Joint Tenancy: Co-ownership with survivorship rights
Tenancy In Common: Co-ownership without survivorship rights
Joint Tenants with Right of Survivorship
Prior/Current legal ownership status
Property transferor/Loan recipient
Grantor/Grantee in transactions
To Be Determined: Information placeholder
Exclusive Right to Convey: Broker has sole right to sell property
Tenant in Default Under Statute: Lease breach, leads to eviction
Unless Otherwise Specified: Applies Unless stated differently in the agreement
Power of Attorney: Authorization for someone to act for another
Now Known As: Indicates name change
Formerly Known As: Previous name
Also Known As: Alternate name
Limited Power of Entry: Restricted property access right
Right of Way: Legal right to pass through property owned by another
Memorandum of Mortgage: Document summarizing mortgage details
Right of Rescission: Cancellation right period
Right Of First Refusal: Priority purchase right
Simultaneous Link Connected transactions (multiple transactions)
Assessor's Parcel Number: Property tax identifier (Western and Southern U.S. states)
Tax Identification Number: For individual/business tax reporting
Property Identification Number or Parcel Identification Number: Same as APN (Midwest and Northern U.S. states)
Vacant Land: Undeveloped property with no structures
Per Plat: Reference to subdivision map
Tax Lot: Tax assessment designation
Acres: Land measurement
Square Feet: Area measurement
Book in public records, where deeds are stored
Page/Book: Exact location of a document
Unique ID for a recorded document
Tracking number for a file or case
North, South, East, West - directional indicators
Northeast, Northwest, Southeast, Southwest - directional indicators
Court, Lane -Street designations
Point Of Beginning: Starting point in description
Federal National Mortgage Association (Fannie Mae)
Federal Home Loan Mortgage Corporation (Freddie Mac)
Mortgage Electronic Registration Systems: Tracks mortgage ownership
Office of the Comptroller of the Currency: Regulates national bank mortgage lending
Claims Without Conveyance of Title: FHA foreclosure alternative
Housing and Urban Development: Federal housing agency
Federal Housing Administration: Insures loans for homebuyers
Veterans Affairs: Home loan benefits for veterans
Mortgage Insurance Premium
Note and Loan Package: Complete loan documents
Funding Condition Documents: Required for loan funding
Start of Month: Payment timing reference
Purchase Money Mortgage: Seller financing arrangement
Final Certificate: Completion of foreclosure
First Title Insurance Commitment: Initial title report
Mortgage Loan Commitment: Formal loan approval
Notice Of Trustee's Sale: Foreclosure auction announcement
Adjustable-Rate Mortgage: Loan with variable interest rate
Home Mortgage Disclosure Act
Home Equity Line Of Credit: Revolving credit line secured by property
Planned Unit Development; type of housing development
Document Stamp: Tax paid on document recording
Documentary Transfer Tax: Tax on property transfers
Tax Sale: Property auction for tax delinquency
Document removing lien or claim from property.
Department of Assessment and Registration & Taxation
Bankruptcy: Legal process for debt relief.
A collection of related records or transactions.
Document submission form
Georgia property transfer tax form
NY property transfer report form
IRS real estate sale reporting form
Form reporting property sale information for tax purposes
Official Public Records: County records system
Official Record Book: Record designation
Official Records: County record system
Instrument: Recorded document
Docket: Court calendar or record book
Modified document
Social Security Number: Personal identification
Limited Liability Company
Limited/General Partnership
Doing Business As: Trade name
Entity Tax Number: Business tax ID
Bank of America: Common lender reference
National Loan Service: Mortgage servicer
Select Portfolio Servicing: Mortgage servicer
Notice of Default- first formal notice of foreclosure process
Notice of Sale- announces public auction of foreclosed property
Broker Price Opinion- valuation used in foreclosure process
Real Estate Owned- property owned by lender after unsuccessful foreclosure auction
Notice of pending lawsuit affecting property title
Right of Redemption: Borrower's right to reclaim foreclosed property by paying debt
Closing Disclosure- replaced HUD-1, details final loan terms and closing costs
Housing and Urban Development Settlement Statement
Annual Percentage Rate- total yearly cost of loan expressed as percentage
Truth in Lending- disclosure of credit terms
Loan Estimate- estimate of loan terms and closing costs
Paid Outside of Closing- costs not included in settlement
Title Insurance; protection against title defects
Remote Online Notarization; electronic notarization process
Cloud on Title/Encumbrance; claim against property affecting marketability
Ownership and Encumbrance report; summary of property ownership and liens
Internal Revenue Code; federal tax laws
Section 1031 Exchange; tax-deferred exchange of like-kind properties
Foreign Investment in Real Property Tax Act; withholding on foreign sellers
Property Assessed Age; for property tax purposes
Transfer and Documentary Tax; tax on property transfers
Uniform Commercial Code; governs commercial transactions
Homeowners Association; organization managing common-interest communities
Covenants, Conditions & Restrictions; rules governing property in developments