| Word | ---- | Definition |
| Paid Off | A property has been Paid Off when the remaining balance of the note has been paid, along with any other fees and costs associated with it, such as advances and foreclosure fees. | |
| Reinstated | When a property in foreclosure has been brought current, it is said to have Reinstated. This means that all over-due payments, foreclosure fees, and any other costs associated with the foreclosure have been paid. | |
| Reverted | A property has Reverted when it goes to sale and there are no bidders at the sale. At that time the note holder becomes the owner. | |
| Sold | A property has Sold when one or more individuals have bid on it at the sale. It then is owned by the individual who has bid the highest amount. In most cases it is to a third party. | |
| Beneficiary | The current holder of the note, which may or may not be the original lender. If the beneficiary is not the original Note holder, an Assignement of Deed of Trust would have been recorded at some point. | |
| Trustee | In the case of a foreclosure, the Trustee is the individual or company authorized to perform the foreclosure. | |
| Trustor | The individual(s) or entity(ies) responsible for meeting the terms of the Note and Trust Deed. This may or may not be the present owner. If there is a new owner, then a Grant Deed would have been recorded. |