Real Estate And Search Engine Optimization Glossary

Secondary Financing
A loan secured by a mortgage or trust deed, which lien is junior to another mortgage or trust deed.

Secondary Market
The buying and selling of mortgage notes between sophisticated investors such as pension funds, commercial banks, savings and loans and wall street firms.

Secondary Market Investor
An entity, such as FNMA or FHLMC, that buys mortgage loans for investment or sells them again to another secondary market investor. Secondary market investors do not service loans and do not collect payments from borrowers.

Secondary Mortgage Market
The buying and selling of first mortgages of trust deeds by banks, insurance companies, government agencies, and other mortgagers.

Security
Real or personal property pledged by a borrower as additional protection for the lender's interest.

Seller's Broker
Agent who takes the seller as a client, is legally obligated to a set of fiduciary duties and is required to put the seller's interests above all other's.

Septic Tank
An Underground tank in which sewage from the house is reduced to liquid by bacterial action and drained off.

SEM
Acronym for Search Engine Marketing

Semi-Detached Housing
Two residences which share a common wall.

SEO
An acronym for "search engine optimization" and/or "search engine optimizer."