Real Estate Glossary

Real Estate Glossary

There are 19 entries in this glossary.
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Glossaries

Term Main definition
Asset Based Lender

A lender who loans money based primarily on the values of an asset-accounts receivable, inventory, a place of equipment, real estate--rather than on the financial strength of the business, which is the primary criterion for banks.

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Assigned

A transfer between parties of title to any property, real or personal, or of any rights or estates in the property. Common assignments include leases, mortgages and deeds of trust.

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Attachment

Legal procedure to aid in the collection of a debt. Usually the court issues a writ to seize the property of a debtor and holds it pending the outcome of a lawsuit, keeping the property available for sale to pay any money judgement entered in such lawsuit.

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Attorn

To turn over or transfer to another money or goods. To agree to recognize a new owner of a property and to pay him rent. See also "Letter of Attornment."

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