from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The act of giving legal status to a document by making it an official public record.
from the GNU version of the Collaborative International Dictionary of English
- n. Remembrance; recollection; also, a record.
from The Century Dictionary and Cyclopedia
- n. Recollection; remembrance.
- n. The act of recording; also, a record; a register.
Sorry, no etymologies found.
Case. net, deceased persons, persons who have granted their permission, and where permitted elsewhere by State or Federal law (such as recordation of state or federal tax liens).
"Expenses grow every year, and we are talking about the health care and other expenses ... income tax is growing, property tax is growing, the recordation tax is growing," he said.
He specifically asked the Treasurer to place all deposits from his Registry into a local, non-MERS bank that follows the Massachusetts Land recordation rules.
The state's portion of recordation taxes soared to $669.8 million in fiscal 2006 and declined by more than half to $298.4 million in fiscal 2009.
When Virginia homeowners refinance their mortgages, they are required to pay a recordation tax.
Mortgage fraud investigator Steve Dibert of MFI-Miami said, "Seventy percent of the loans we investigate are flawed due to recordation, PSA violations, etc."
However, with the creation of mortgage-backed securities Wall Street needed a way to avoid the pesky and costly recordation system so it came up with MERS -- the Mortgage Electronic Registration System.
You may delay a foreclosure with bad recordation of the title and lien, but at the end of the day, the note holder will prevail.
If you the investor in a residential mortgage backed security have doubts as to whether the note was delivered to the trustee of the deal, then you have other issues that are potentially far more significant that the recordation issues for the mortgage.
The cost of fixing issues of mortgage recordation, etc. is not going to kill the banks.
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