M-Definitions 2016-10-14T16:26:32+00:00

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MARKET VALUE
The price that real property would reasonably be expected to bring were it to be offered for sale with a reasonable sales effort over a reasonable period of time.

METES AND BOUNDS
A term used in describing the boundary lines of land setting forth all the boundary lines together with their terminal points and angles.

MORTGAGE
A written document executed by the owner of land by which the land is given as security for the payment of a debt or performance of an obligation (rarely used in California).