Across
- 2. The geographical description of a property detailing its precise location
- 3. The distinct number assigned to a area of land by the local tax assessor to identify property
- 6. The number of days a loan has been in a specific status
- 9. A change to the original terms of your mortgage loan
- 11. A number assigned by the county to identify a recorded document more easily and efficiently
- 12. The details of the ownership of property and how the property is owned
- 14. A legal agreement by which a bank or creditor lends money at interest in exchange for taking title of the debtor's property
Down
- 1. A type of loan in which the lender agrees to lend a maximum amount within an agreed period, where the collateral is the borrower's equity in their house
- 4. An organization method of public record, providing specifically identifiable number(s), so documents can be found or referenced
- 5. This document is used as a record of the client's request to close their HELOC
- 7. A legally binding agreement that defines the terms of the loan
- 8. The number of days left to release a lien before it's out of compliance based on state requirements
- 9. Legal claim on a property that allows the holder to secure payment of debts
- 10. For Torrens (registered land) properties, once the land has been registered by the state, they are issued a Certificate of Title that specifies who owns the property and the land encumbered. It is the identification number of that Certificate of Title
- 13. A neutral third-party who holds the legal title to a property until the borrower pays the loan in full