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Foreclosure Glossary Terms
Abandonment
Abstract Of Judgment
Acceleration Clause
Acceptance
Accrued Items of Expense
Adjustable Rate Mortgage
Alienation
Alienation Clause
All-Inclusive Deed or Trust
Amortization
Amortization Mortgage
Apportionment
Appraisal
Appraisal by Comparison
Appurtenance
As Is
Assessed Valuation
Assessment
Assessor
Assessors Parcel Number
Assignment
Assignment of Rents
Assumes and Agrees to Pay
Assumption of Mortgage
Auction
Automatic Stay
Balance Owed on the Loan
Balloon Payment
Bankruptcy
Bearer
Beneficiary
Beneficiary Statement
Bill of Complaint
Bill of Sale
Bond
Broker Price Opinion
Buydown
Capitol Improvement
Certificate of Sale
Chain of Title
Chapter 13
Chapter 7
Chattel
Chattel Mortgage
Clear Title
Client
Closing Date
Cloud on the Title
Collateral
Collections
Color of Title
Condemnation
Conditional Sales Contract
Condominium
Conforming Loans
Conservatorship
Consideration
Constructive Notice
Contingency Fee
Contract for Deed
Conventional Lender
Conventional Loan
Conversion
Conveyance
Correlation
Covenants
Coverage
Cram-down
Credit
Cured Default
Current Value
Damages
Debt Service
Decree
Deed
Deed in Lieu of Foreclosure
Deed of Reconveyance
Deed of Restriction
Deed of Trust
Default
Defeasance Clause
Defeased
Defendants Original Answer
Deficiency
Deficiency Judgment
Delinquency
Demand Note
Department of Veterans Affairs
Discharge of Indebtedness
Discovery
Documentary Transfer Tax
Double Whammy
Down Payment
Due on Encumbrance
Due on Sale
Earnest Money
Earnest Money Contract
Easement
Encroachment
Encumbrance
Entry and Possession
Equity
Equity Cushion
Equity Loan
Equity Right of Redemption
Equity Skimmer
Escrow
Estate
Estoppel Certificate
Eviction
Exclusive Right to Sell
Execution Sale
Extending the Loan Term
Extension Agreement
Fair Credit Reporting Act
Fair Market Value
Fannie Mae
FCL
FDIC
Federal Deposit Insurance Corporation
Federal Home Loan Mortgage Corporation
Federal Housing Administration
Federal National Mortgage Association
Federal Savings and Loan Insurance Corporation
FHA Guidelines
FHA Mortgage Loan
FHLMC
First Lien
First Mortgage
FNMA
For Sale by Owner
Forbearance
Foreclosure
Fraud
Freddie Mac
Freeze Order
FSA
FSBO
FSLIC
Full Assumption
Ginnie Mae
GNMA
Good Repair
Government National Mortgage Association
Grace Period
Grant
Grant Deed
Grantee
Grantor
Guarantee
Hearing
Holder in Due Course
Homestead
Housing and Urban Development
HUD
Hypothecate
Impound Account
Incumbrance
Installment
Instrument
Internal Revenue Service
Involuntary Lien
IRS
Jeopardy
Joint Tenancy
Judgment
Judicial Foreclosure
Junior Lienholder
Junior Mortgage
Land Sale Contract
Late Payments
Lease With Option To Buy
Lender Approval
Lender Liability
Liability
Lien
Lienholder
Life Estate
Life Tenant
Liquidating Plan
Liquidation Appraisal
Lis Pendens
Listing Agreement
Loan Balance
Loan Default
Loan Modification
Loan Officer
Loan Pool
Loan Processor
Lot Book Report
Marketable Title
Mechanics Lien
Metes and Bounds
MGIC
Misrepresentation
Modification
Mortgage
Mortgage Commitment
Mortgage Company
Mortgage Guaranty Insurance Corporation
Mortgage Instrument
Mortgage Lien
Mortgage Reduction Certificate
Mortgagee
Mortgagees Title Policy
Mortgagor
Motion to Lift Stay
Negative Equity
Non-judicial Foreclosure
Notary Public
Note
Notice Of Default
Notice Of Rescission
One Action Rule
Open Mortgage
Origination
Out-Of-Court Foreclosure
Owner-Occupied
Partial Payments
Performance Bond
Plat Book
PMI
PMI-Assisted Presale
Points
Positive Equity
Posting
Power Of Attorney
Power Of Sale Clause
Prepaids
Prepayment Clause
Primary Lender
Promissory Note
Property Condition
Prorations
Purchase Money Mortgage
Qualifying
Quiet Title Suit
Quitclaim Deed
Real Estate Lien Note
Real Estate Owned
Recasting
Receivership
Recording
Recourse
Redemption
Refinance
Release Clause
Release Of Liability
Relief
Removal
REO
Repayment Plan
Request For Notice Of Default
Resolution Trust Corporation
Right Of Redemption
Right Of Rescission
Right Of Survivorship
RTC
S and L
Sales Contract
Satisfaction Piece
Savings And Loan Association
Scire Facias
Second Deed Of Trust
Second Lien
Second Mortgage
Secondary Market
Servicing
Short Payoff
Simple Assumption
Special Assessment
Stay
Strict Foreclosure
Subdivision
Subject To Clause
Subordinate Clause
Subrogation For Mortgage Insurers
Summary Judgment
Survey
Tax Sale
Temporary Injunction
Temporary Restraining Order
Tenancy At Will
Tenancy By The Entirety
Tenancy In Common
Title
Title Defect
Title Insurance
Title Report
Title Search
Trust Deed
Trustee
Trustees Deed
Trustees Sale
Trustees Sale Guarantee
Truth In Lending Act
Turnover Order
Underwriter
Undivided Interest
Upside Down Home
VA
Vendees Lien
Verification Of Deposit
Verification Of Employment
Veterans Administration
VOD
VOE
Wage Earner Plan
Warranty Deed
Without Recourse
Workout
Wraparound
Wraparound Loan
Writ of Execution
Writ of Garnishment
Writ Of Possession
Wrongful Foreclosure
