This glossary defines commonly used mortgage and real estate terms. Terms may have different connotations in different locales and when used in a different context. The definitions do not encompass all possible meanings or nuance that a term may acquire in legal use. State laws, custom and use in various states or regions, may modify or completely change the meaning of certain defined terms. Only use the glossary as a general guide and do not rely upon it to make decisions about real estate or financing. Seek guidance from a real estate professional, attorney, or mortgage professional before making any decisions.

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