The division of a large piece of property into smaller parcels. Also, the divided property itself. …
Tax Sale
The public sale of a property by the government for nonpayment of taxes. …
Subflooring
The plywood or boards beneath finish flooring that, nailed directly to floor joists, provides a structural base for finish materials. …
Subject-To
The transfer of rights to pay a debt from one party to another, with the original party remaining liable for the debt if the second party defaults. …
Subordinate Loan
A second or third mortgage. …
Subsequent Rate Adjustments
The interest rate for adjustable rate loans (ARMs) adjusts at regular intervals. This adjustment period could in some cases differ from the initial interest rate duration period. …