Home | Ask Your Question | Mortgage Glossary |
Recording FeesFees paid to the lender for recording a home sale with the County Clerk associated with the legal filing of a properties title. Usually under $50. Recording home sale is the act of entering into a book of public records instruments affecting title to the real property. A lender requires that a deed of trust or a mortgage be recorded to evidence the debt against the property. |
|
||||||
|
>>>> |
<<<< | |||||
Books about: |
|
Search More Info On: |
|
Related Mortgage Definitions: Bridge Loan Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... Secondary Mortgage Market Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... Recording Fees Recording Fees Fees paid to the lender for recording a home sale with the County Clerk associated with the legal filing of a properties title. Usually under $50. Recording home sale is the act of entering into a book of public records instruments affecting title to the ... more... Second Home, Vacation Home Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more... |