Abandonment of Homestead - ABD Homestead
Document
recorded to terminate a homestead.
Grantor: Declarant
Abstract of Judgment - ABST JDGT
A summary of the essential provisions of a money judgment. When
recorded, it creates a general lien on real property of the judgment
debtor in the county in which the abstract is recorded.
Grantor:
Debtor or Defendant
Grantee: Creditor
or Plaintiff/Assignee
Assignment of Rents - ASSIGNMENT RENTS
A document that gives the beneficiary the right to collect
rents of the secured property in the event of a default.
Grantor: Assignor/Trustor
Grantee: Assignee/Beneficiary
Certificate of Tax Lien - CTF TAX LIEN
A lien for nonpayment of property taxes. Attaches only to the
property upon which the taxes are unpaid.
Grantor: Owner
Grantee: County SD Tax Collector or Employment Development Department
Covenants, Conditions, and Restrictions (CC&Rs) - RESTRICTIONS
A term used in some areas to describe the restrictive
limitations which may be placed on property. In other areas, simply
called restrictions.
Grantor: Declarants and all signors
Grantor: Name of Condominium (if applicable)
Declaration of Homestead - HOMESTEAD
Document recorded by a homeowner to protect his home from
forced sale in satisfaction of certain types of creditors'
claims.
Grantor: Declarant
Deed - DEED
Written instrument which, when properly executed and delivered,
transfers title to real estate.
Grantor: Owner
Grantee: Receiver
Deed of Reconveyance - RECONVEYANCE
An instrument used to transfer title from a trustee to the
equitable owner of real estate when title is held as collateral
security for a debt. Most commonly used upon payment in full of a
trust deed.
Grantor: Trustee
Grantee: Trustor, Owner
Deed of Trust (See Trust Deed)
Easement - EASEMENT
The granting of a right which one has in the land of another.
It is either for the benefit of land, such as a right to cross, or
"in gross," such as a public utility easement.
Grantor: Signor
Grantee: Receiver
Federal Tax Lien - FEDERAL TAX LIEN
A lien attaching to property for nonpayment of a federal tax
(estate, income, etc.).
Grantor: Taxpayer
Grantee:
Internal Revenue Service
Fictitious Deed of Trust - FICTITIOUS TR DD
A deed of trust recorded by a trustee which discloses all the
terms of the trust deed but does not relate to a specific transaction
and is used for reference only.
Grantor: Fictitious
Grantee: Beneficiary or Fictitious
Grant Deed - DEED
Form of deed, common in California, which contains implied
warranties to the effect that the grantor has not previously conveyed
or encumbered the property.
Grantor: Grantor/Seller
Grantee: Grants or Conveys to/Buyer
Judgment - JUDGMENT
The final determination of a court of a matter presented to it.
Money judgments, when recorded, become a lien on real property of the
defendant.
Grantor: Debtor/Party deprived of interest
Grantee: Creditor/party retaining or acquiring interest
Lien - LIEN
A charge upon property for the payment of debt or
obligation.
Grantor: Debtor or Owner
Grantee: Claimant
Mechanic's Lien - MECHANIC'S LIEN
Statutory lien in favor of laborers and material suppliers who
have performed work or furnished materials or supplies to a work of
improvement. If not paid, they have a right to record a lien within a
prescribed period of time.
Grantor: Owner
Grantee: Claimant
Notice of Completion - NOTICE COMPLETION
Notice recorded under the California mechanic's lien law within
ten days after completion of a structure; it shortens the time to file
a mechanic's lien.
Grantor: Owner
Grantor:
Contractor
Descriptor: Address or Identification of property
where work was completed
Notice of Default - DEFAULT
Recorded notice that a default has occurred under a deed of
trust. It is the first step in non-judicial foreclosure of a deed of
trust
Grantor: Trustee/Signor
Grantor: Trustor
Descriptor: Document reference to the Deed of Trust
Notice of Rescission - RESCISSION
A recorded notice to rescind a notice of default of a mortgage
or deed of trust.
Grantor: Signor
Grantee:
Owner/Trustor/Executed by
Notice of Trustee Sale - NT TRUSTEE SALE
Foreclosure sale conducted by the trustee under a deed of trust
after a default occurs.
Grantor: Signor
Grantor: Record
Owner or Executed by
Power of Attorney - POWER ATTORNEY
Instrument used to appoint an attorney-in-fact.
Grantor:
Principal
Grantee: Appointee
Quitclaim Deed - QUITCLAIM DEED
A deed used to transfer any interest in real property that the
grantor may have. It contains no warranties of any kind.
Grantor: Conveyor
Grantee: Receiver
Release - RELEASE
An instrument releasing property from the lien of the mortgage,
judgment, etc. When a trust deed is used, the instrument is called a
Reconveyance. In some areas, a "discharge" is used instead
of a release.
Grantor: Party releasing
Grantee: Party
being released
Request for Notice of Default - REQUEST NOTICE
A recorded notice made by the beneficiary of a trust deed that
he be notified in the event that foreclosure proceedings are commenced
by another party of interest.
Grantor: Party notice will be
mailed to
Grantor: Trustor
Revocable Transfer on Death Deed
Written instrument which, when properly executed and delivered,
transfers title to real estate to a designated beneficiary upon the
death of the owner (transferor) without a probate hearing.
The
Transfer of Death Deed has no effect until the death of the transferor
occurs. This type of Deed has particular timelines that must be
followed and is revocable at any time.
Grantor: Transferor
Grantee: Beneficiary(ies)
State Tax Lien - STATE TAX LIEN
A lien attaching to property for nonpayment of state income
tax.
Grantor: Taxpayer
Grantee: Public Agency
Subordination Agreement - SUBDN AGMT
Agreement under which a prior or superior lien is made inferior
or subject to an otherwise junior lien.
Grantor: Party
subordinating
Grantor: Trustor/Landlord/Tenant
Grantee:
Party subordinated to
Trust Deed (Deed of Trust) - TR DEED
Written instrument by which title to land is transferred to a
trustee as security for a debt or other obligation.
Grantor:
Trustor
Grantee: Beneficiary
Trustee's Deed - TRUSTEES DEED
Deed given by the trustee when property is sold under the power
of sale in a trust deed.
Grantor: Trustee, Original
Trustor
Grantee: Purchaser
Uniform Commercial Code Financing Statement - UCC FINANCING STMT
A mortgage or security agreement using personal property as the
collateral. These agreements are recorded in county if real property
is affected.
Grantor: Debtor
Grantee: Secured Party