A right of way giving persons other than the owner access to or over a property.

The actual interest rate on investment where a debt or loan was bought at discount or at a premium.

The difference between the price for which a property could be sold and the total amount owing on it.

An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the earnest money deposit is put into escrow until delivered to the seller when the transaction is closed.

The ownership interest of an individual in real property. The sum total of all the real property and personal property owned by an individual at time of death.

Failure to make the mortgage payment within a specified period of time. For first mortgages or first trust deeds, if a payment has still not been made within 30 days of the due date, the loan is considered to be in default.

A report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.

A credit rating is an evaluation of the likelihood of a borrower to default on a loan.

An assessment used to evaluate the amount of "risk" involved in a credit transaction, established from the analysis of information provided in a consumer’s application, the potential loan, and the consumer’s credit report.

A person to whom money is owed.