The gradual reduction of a debt through regular payments of interest and principal.

The transfer of rights in a mortgage or deed of trust from one party to another.

A large final payment due at the end of a loan term.

The lender or note holder who receives payments from the borrower.

An estimate of a property’s value provided by a real estate broker.

Property or assets pledged as security for a loan.

A deed given by a borrower to a lender to avoid foreclosure.

Failure to meet the terms of a loan agreement, typically by missing payments.

The process of investigating and verifying the details of a potential investment.

The difference between a property’s market value and the outstanding loan balance.

A third-party account used to hold funds or documents during a transaction.

A primary claim on a property that takes precedence over other liens.

The legal process of a lender taking possession of a property due to default.

The ratio of the amount invested to a property’s value.

A secondary claim on a property that is subordinate to the first lien.

A legal claim on a property as security for a debt.

The ratio of a loan amount to the property’s appraised value.

A change to the original terms of a loan agreement.

A legal agreement that gives a lender a claim on a borrower’s property if they default.

A legal document that obligates a borrower to repay a loan under specific terms.

A loan where the borrower has stopped making payments.

Using borrowed funds or investor capital for investments.

The sale of a portion of future payments from a note.

A loan where the borrower is making regular, on-time payments.

Legal authorization for one party to act on behalf of another.

The original amount borrowed in a loan.

A written promise to repay a debt under specific terms.

Property owned by a lender after an unsuccessful foreclosure auction.

A loan with an established payment history.

Where existing mortgages and loans are bought and sold.

A loan backed by collateral, typically real estate.

The process of collecting and managing loan payments.

The sale of a property for less than the amount owed on the mortgage.

Legal ownership of a property.

The remaining balance on a loan.

The return on an investment, often expressed as a percentage.

The process of ranking liens in order of priority.

A third party who holds legal title to a property in a deed of trust.

The transfer of a property’s title from a lender back to the borrower upon loan repayment.

Pledging an asset as collateral without transferring ownership.

A temporary postponement of loan payments agreed upon by lender and borrower.

The historical record of a property’s ownership.

A provision allowing a lender to demand full repayment if certain conditions are not met.

 A grace period allowing a borrower to remedy a default before further action is taken.

A collection of notes bundled together as a single investment.

A company that handles the administrative aspects of a loan.

The date on which the final payment on a loan is due.

A fee charged for paying off a loan before its maturity date.

A mutual agreement between lender and borrower to resolve a defaulted loan.