Term
|
Definition
A right, limited to a specific use, that one party has in the land of another |
|
|
Term
|
Definition
| A statutory protection of a home from the claims of certain creditors and jusdgments up to a specified amount. |
|
|
Term
|
Definition
| Anything that affects or limits the fee simple title to, or value of, property, e.g., mortgages or easements |
|
|
Term
| Notice of Non-Responsibility |
|
Definition
| A notice, recorded and posted by the property owner to relieve them of responsibility for the cost of unauthorized work done on his or her property or materials furnished. |
|
|
Term
|
Definition
| A limitation on the use of real propety. These limitations fall into two general classifications: public and private. Zoning ordinances are public, while a clause in the deed requiring the roof to be made of Spanish red tile would be an example of private limiatation. |
|
|
Term
|
Definition
| The process by which real or personal property is seized by the court for the purpose of assuring payment. |
|
|
Term
|
Definition
| A form of encumbrance that usually makes specific property security for the payment of a debt. |
|
|
Term
|
Definition
| Discharge of a mortgage or trust deed from the records upon payment of a debt. (Make sure you receive a Deed of Reconveyance to prove that you paid off the deed of trust) |
|
|
Term
|
Definition
| A limiting restriction stating that upon the happening or not happening of some stated event, the estate shall be changed in some manner. |
|
|
Term
|
Definition
| A promise to do or not to do a particular thing. |
|
|
Term
|
Definition
| A person against whom a civil or criminal action is taken. |
|
|
Term
|
Definition
| An instrument, recognized by law, by which property is hypothecated to secure the payment of a debt. This instrument is not commonly used in California, but is popular on the east coast. |
|
|
Term
|
Definition
| In a court action, the one who sues; the complaintant. |
|
|
Term
|
Definition
| A recorded document of the essential provisions of a court judgment. |
|
|
Term
|
Definition
| A lien, created by statute, which exists against real or personal property in favor of persons who have performed work or furnished materials for the improvement of real property. |
|
|
Term
|
Definition
| A legal document by which a borrower pledges certain real property as collateral for the repayment of a loan. In addition to the buyer and seller, there is a third party to the transaction known as a trustee. |
|
|
Term
|
Definition
| A formal statement that protects the head of the household from losing the property to the claims of creditors, usually up to a set maximum amount. |
|
|
Term
|
Definition
| A lien, usually a trust deed in California, covering more than one property of the borrower. |
|
|
Term
|
Definition
| A notice that informs or warns owners, lenders and general contractors that subcontractors have been hired, or materials have been supplied to a particular job site. |
|
|
Term
| Declaration of Abandonment |
|
Definition
| A statement declaring the intent to give up a homestead, usually to declare a homestead on a new residence. |
|
|
Term
|
Definition
| A court ordered sale of real or personal property by the sheriff pursuant to the execution of a judgment. |
|
|
Term
|
Definition
| The construction of improvements on the property of another. |
|
|
Term
|
Definition
| An easement for the benefit of the owner of an adjacent parcel of land. |
|
|
Term
|
Definition
| Real property that benefits from an easement. |
|
|
Term
|
Definition
| A writ to carry out a court order, usually arising from a judgment. |
|
|
Term
|
Definition
| A property that is burdened by an easement. |
|
|
Term
|
Definition
| An easement for the benefit of a person or utility company rather than for the benefit of the landowners. |
|
|
Term
|
Definition
| A noticed filed or recorded for the purpose of warning all persons that the title to certain real property is in litigation. |
|
|
Term
|
Definition
| A lien such as a tax lien or judgment lien that attaches to all property to the debtor rather than a specific property. |
|
|
