Glossary of Terms

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Most terms and definitions have been provided by:
To voluntarily give up or surrender a right.
A term used in financing to describe the process which loan correspondents employ, assembling into one package a number of mortgage loans which the correspondent has originated and selling them in the secondary mortgage market.
A guaranty by the seller, covering the title as well as the physical condition of the property.
A deed in which the grantor fully warrants good clear title to the premises. Also called a general warranty deed.
An improper use or abuse of property by one in possession of land, who holds less than the fee ownership, such as a tenant, life tenant, mortgagor, or vendee.