Reserves.
California Department of Real Estate
Updated 08-20-2026
Reserves.
ASSESSOR — The official who has the responsibility of determining assessed values. ASSIGNMENT — A transfer to another of any property in possession or in action, or of any estate or right therein. A transfer by a person of that person’s rights under a contract. ASSIGNMENT OF RENTS — A provision in a deed of trust (or mortgage) under which the beneficiary may, the loan balance and the costs incurred by the beneficiary. ASSIGNOR — One who assigns or transfers property. ASSIGNS, ASSIGNEES — Those to whom property or interests therein shall have been transferred. ASSUMPTION AGREEMENT — An undertaking or adoption of a debt or obligation primarily resting upon
California Department of Real Estate Glossary
California Department of Real Estate · p. 4
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Reserves.
Financial Hardship (applicable to Servicing only) Borrower’s ability to continue their Mortgage Payments as attested by the Borrower.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 19