Real Estate Glossary - p

This real estate glossary is set up as a set of A-Z links at the top of the page followed by real estate terms in alphabetical order. Once you select a term, the definition will be displayed on a separate page. You can return to the terms at anytime by selecting from the A-Z links.

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• PITI
• PITI reserves
• PMI
• PUD
• Partial payment
• Payment change date
• Periodic payment cap
• Periodic rate cap
• Personal property
• Petition for Foreclosure
• Planned unit development (PUD)
• Point
• Post-foreclosure sale statutory right of redemption
• Power of attorney
• Power of sale
• Power of sale clause
• Power of sale language
• Pre-approval
• Pre-qualification
• Prearranged refinancing agreement
• Predatory lending
• Preforeclosure
• Prepaid escrow
• Prepaid interest
• Prepayment
• Prepayment penalty
• Price
• Prime rate
• Principal
• Principal balance
• Principal, interest, taxes, and insurance (PITI)
• Private mortgage insurance (PMI)
• Programs
• Promissory note
• Property taxes
• Prothonotary
• Public foreclosure auction sale (public auction)
• Public trustee
• Public trustees office
• Punch list
• Purchase and sale agreement/purchase contract
• Purchase money mortgage
• Purchase money transaction