Wagner Realty

Real Estate Glossary Terms

• 11TH District Index

  A cost of funds index that most adjustable rate mortgages written in California in recent years are tied to. Computed by the Federal Home Loan Bank of San Francisco, it reflects the cost of deposits and loans in California, Arizona, Nevada. ...

• High Rise

  Building more than six stories high serviced by elevators. ...

• Witness

  An individual providing evidence in a trial under penalties of perjury. The witness's testimony id under oath. Observing the occurrence of an event or the transacting of a transaction or contract. An example is witnessing a will and signing to its authenticity. ...

• Public Sale

  A public foreclosure sale where public notice is given anyone is allowed to participate. Normally, a public sale occurs because of the property owner's failure to pay taxes. ...

• Extra Dividend

  Dividend paid in addition to the regular dividend on a participating insurance policy. ...