Defect Of Record at Real Estate Glossary
What is it? Any encumbrance on a title that is made a part of the public record. Recorded defects include judgments, deeds of trust, mortgages, other liens and easements. (See encumbrance)Real Estate Definition Added By: Jayden
The Defect Of Record definition has been viewed 159 Time(s)!
Send To Friends!
If you'd like to send the Defect Of Record definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Defect Of Record. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Real Estate Terms:
Real Estate Term Mortgage-Backed Security (MBS) is A security guaranteed by pools of mortgages and used to channel funds from securities markets to housing markets. Ginnie Mae has a popular MBS program recognized for its low risk and high yield. The Ginnie Mae MBS security is a pool of VA and FHA mortgageReal Estate Term Market conditions is Factors affecting the sale and purchase of homes at a particular point in time.
Real Estate Term Franchise is 1. A privilege granted to conduct certain service businesses, such as a franchise real estate brokerage. 2. The private contractual right to operate a business using a designated trade name and the operating procedures of the parent company (the franchiso
Real Estate Term Deep-seal floor drain is A drain used to dispose of water from the basement floor to a sewer line.
Real Estate Term Holdback is Funds not released under a construction loan agreement due to a failure to lease to the required minimum.