Real Estate Terminology
The following is a list of some documents that may be recorded if they meet all requirements, and a description or definition of each document.
The descriptions are general and are not intended to be complete legal definitions. If you wish to use any particular document, we suggest that you consult a real estate professional or an attorney.
A document recorded to evidence that a work of improvement on real property other than public works is completed.
A notice to show that the borrower under a mortgage or deed of trust is in default (behind in payments)
A document recorded to notify a party served with writ of execution that specific property is taken in satisfaction of a debt.
A recorded notice that litigation (a lawsuit) is pending in court which may affect the title of the real estate involved.
A document to evidence that the owner of real property interest will not be responsible for payment of cost of improvements contracted for thereon by some other person.
A document recorded to notify the public of the foreclosure (sale) proceedings by the Trustee for non-payment or non-performance of the conditions of the deed of trust.
A document recorded to delegate the authority of the principal to his attorney-in-fact (agent) authorizing another person, to act for him/her in his/her name in a designated capacity.
A document whereby the junior lenders require the senior lender to notify them when the borrower defaults on their loan.
A document recorded by either a homeowner or head of household on his primary residence to protect his home from forced sale in satisfaction of certain types of creditor's claims.
An instrument that secures a debt, the repayment of the loan/mortgage encumbered by real property. This is the three party document; the borrower (trustor), the beneficiary (lender), and the trustee who holds title to real property under the terms of a deed of trust.
It is the form of deed, common in California, which contains implied warranties to the effect that the grantor has not previously conveyed or encumbered the real property.
To evidence the conveyance of real property for a term of years and a contract of its possession during that term.