all | Real Estate Glossary

The giving up of the possession and control of property with the intention of relinquishing all claim to it. Losing property is an involuntary act. The abandonment of property is a voluntary act.

A termination of or the eliminiation of, the act of abating.

A history of all transactions shown in the public records affecting a particular tract of land.

Summary of essential provisions of a money judgment. When recorded, it creates a general lien on the real property of the judgment debtor in the couty in which the abstract is recorded.

Mortgage loans under which the interest rate is periodically adjusted, in accordance with some market indicator, to more closely coincide with the current rates. The extent and number of these adjustments are agreed to at the inception of the loan.

The possession, by one person, of land belonging to another in a manner deemed adverse to the interest of the owner. In most states, by operation of law, title to the land becomes vested in such person after a fixed number of years if the owner fails to assert his or her rights.

A written statement made under oath before a notary public or other judicial officer.

A legally binding contract made between two or more persons.

The trade association of the title insurance industry, which has adopted certain insurance policy forms to standardize coverage on a national basis.

Payment to reduce the principal of a debt in regular, periodic installments.