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Real Estate Terms - B

A financial statement that shows the condition of a business or individual as of a particular date. Discloses assets, liabilities, and net worth.

The final installment paid at the end of the term of a note; used only when preceding installments were not sufficient to pay off the note in full.

Procedure of federal law to seize the property of a debtor and divide the proceeds among the creditors.

Imaginary lines used by surveyors to find and describe the location of public or private lands.

A mark used by surveyors that is permanently fixed in the ground to denote the height of that point in relation to sea level.

The lender involved in a note and trust deed. One entitled to the benefit of a trust.