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  • See also: Real Estate Glossary

    • Power of sale

    Clause, sometimes inserted in mortgages or deeds of trust, which grants the lender (or trustee) the right to sell the property upon certain default. The property is to be sold at auction but court authority is unnecessary.

    See also:
  • Payment
  • Payment Cap
  • Personal Liability
  • PITI
  • Planned Unit Development
  • Plat
  • Points
  • Possession
  • Power of sale
  • Prepaid
  • Prepayment Penalty
  • Prequalification
  • Principal
  • Private Mortgage Insurance
  • Property Tax
  • PUD
  • Purchase and Sale Agreement
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  • See also: Real Estate Glossary

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