A B C D E F G H I J K L M
N O P Q R S T U V X W Z

R

RealtorŪ
A member of National Association of Realtors.
Recision
The cancellation of a contract. With respect to mortgage refinancing, the law that gives the homeowner three days to cancel a contract in some cases once it is signed if the transaction uses equity in the home as security.
Recording Fees
Money paid to the lender for recording a home sale with the local authorities, thereby making it part of public records.
Real Estate Settlement Procedures Act (RESPA)
RESPA is a federal law that allows consumers to review information on known or estimated settlement costs once before application and once prior to or at settlement. The law requires lenders to furnish information after application only.