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Real Estate Terms - M

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Metes and Bounds

A legal description used in describing boundary lines.

Listing Last Modified: Fri Dec 21 2007

 

Mineral Rights

Ownership of the minerals beneath the ground. The owner of mineral rights doesn't necessarily own the surface land.

Listing Last Modified: Fri Dec 21 2007

 

Moratorium

Temporary suspension of the enforcement of liability for a debt.

Listing Last Modified: Fri Dec 21 2007

 

Mortgage

An instrument by which property is hypothecated to secure the payment of a debt.

Listing Last Modified: Fri Dec 21 2007

 

Mortgage Broker

A person who, for a fee, brings together a lender with a borrower. Also known as a loan broker.

Listing Last Modified: Fri Dec 21 2007

 


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Mortgage Note

Evidence of the debt in a mortgage document.

Listing Last Modified: Fri Dec 21 2007

 

Mortgagee

One who lends the money and receives the mortgage.

Listing Last Modified: Fri Dec 21 2007

 


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Mortgagor

One who borrows on a property and gives a mortgage as security.

Listing Last Modified: Fri Dec 21 2007

 


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