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| Reproduction cost
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Cost of rebuilding a structure to its exact replacement at today's costs. |
| Repudiation
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The refusal of one of the parties to a contract to carry out his/her responsibilities. |
| Request for notice of default
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An interested party, such as the beneficiary of a deed, seeking to be informed is the property is foreclosed by another party. |
| Require
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To demand or declare an action or condition as essential and mandatory. |
| Requisition
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A written order for specific materials or services. |
| Resale price
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Net dollar figure received when a property is sold, after the mortgage balance and all costs are deducted. |
| Resale proceeds
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Net dollar figure received when a property is sold, after the mortgage balance and all costs are deducted. |
| Resale value
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The future value of a property when the buyer wants to sell it. |
| Resaw
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To make a rip cut from each side of an object that is too large to be completely cut from one end. |
| Rescind
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To cancel or terminate a contract either by mutual agreement or law or due to fraud. |
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