Filing instruments for public record (and notice) with a recorder (usually a county official).

A map recorded in a county recorder’s office. May be a subdivision map or describe a non-subdivided parcel. Reference to a recorded map is commonly used in legal descriptions.

A subdivision map filed as a matter of public record.

The person who is in charge of the recorded documents of a county. See: County Records.

The county office where instruments are recorded, giving public notice.

Filing documents affecting real property as a matter of public record, giving notice to future purchasers, creditors, or other interested parties. Recording is controlled by statute and usually requires the witnessing and notarizing of an instrument to be recorded.

State statutes enacted to cover the public recording of deeds, mortgages, etc., and the effect of these recordings as notice to creditors, purchasers, and other interested parties.

The amount paid to the recorder’s office in order to make a document a matter of public record.

The right of the holder of a note secured by a mortgage or deed or trust to look personally to the borrower or endorser for payment, not just to the property.

A system of describing land by base lines and meridian, townships and sections. Also called U.S. government survey system or sectional property description.

The clarification or correction of boundary lines between properties.

The outlining of a map of certain “high risk” areas for real estate loan purposes. This means lenders will not extend credit in these areas for real property loans, regardless of the qualifications of the applicant. Some states have passed laws against this practice. The use of a red pen or pencil for the outlining gave rise to the term.

Technical name for a clause in a conveyancing instrument or lease, creating a reservation in the grantor or lessor.

Rent which, by agreement, is refunded or set off against the selling price when the tenant exercises a purchase option.

The process of canceling a defeasible title to land, such as is created by a mortgage foreclosure or tax sale.

A time period during which a mortgage, land contract, deed of trust, etc., can be redeemed. Usually set by statute, and after judicial foreclosure.

Generally, the improvement of land in accordance with an urban renewal project.

A document signed by a lender stating the outstanding amount on a mortgage loan.

One appointed by a court to take testimony and report back to the court. May be in bankruptcy or other proceedings.

In the real estate business, generally the act of a past client recommending a real estate broker or agent to one currently a buyer or seller. Also, any recommendation by one real estate agent of another for a referral fee.

(1) The renewing of an existing loan with the same borrower and lender. (2) A loan on the same property by either the same lender or borrower. (3) The selling of loans by the original lender.