Real Estate Glossary

Real Estate Law Glossary

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There are currently 3 names in this directory beginning with the letter S.
Second (and Third) Mortgages
A mortgage registered on title after the first mortgage, so the second mortgage lender's rights are secondary to the rights of the first mortgage lender.

Status Certificate
A written statement of a condominium unit's current financial and legal status.

One large piece of land under one ownership being subdivided into several lots to be sold to many purchasers.