property
A parcel of land and what stands on it, as the mortgage model records it.
Property is a piece of land and any structures or improvements that are permanently attached to it.
Why it matters
An identifier, a type, a purchase price, a lien type, the address as flat fields, and a reference to the tax levied against it.
This is the loan file's view of a property, and it is deliberately thinner than the collateral model. The question it answers is which property secures this loan and on what terms — not what the property is made of.
In practice
The structural description lives in the property model under Data, which carries the parcel, the structure, the lot and the rest at assessor-record depth. The two are joined by address and parcel identity rather than merged, because one is a term of a loan and the other is a description of a place.
Properties
| Property | Type | Definition |
|---|---|---|
city_name | string | City name refers to the name of the city in which the address is located. |
county_name | string | A property county name refers to the name of the county in which a property is located. In the United States, counties are geographic and political subdivisions of states, typically governed by a county government. Each county is identified by a unique name and is responsible for providing certain public services to residents, such as law enforcement, public schools, and infrastructure maintenance. |
full_address_txt | string | Full address text refers to the physical location where property is located. |
lien_type | enumeration | A property lien is a legal claim against a property that gives a creditor the right to take possession of the property if the borrower fails to repay a debt. There are several lien types, such as mortgage, tax and judgment.Typically a lien gives its holder the right to seize property or money from the borrower if the borrower does not fulfill the terms of a contract. MortgageTaxMechanicsJudgementOther |
postal_code | string | A postal code, also known as a ZIP code (in the United States) or postcode (in many other countries), is a numerical code used by postal services to identify specific geographic areas for efficient mail sorting and delivery. |
property_identifier | string | A property identifier is a unique code or number assigned to a specific real estate property by a government agency or other organization. Property identifiers are used to identify and track individual properties for various purposes, such as taxation, land use planning, and real estate transactions. |
property_type | enumeration | Property type refers to the classification of a real estate property based on its characteristics, usage, and zoning designation. Property types can include residential, commercial, industrial, agricultural, and mixed-use properties. 2_units3_units4_unitssingle_familycondoduplexmanufactured_homemanufactured_double_widemodularpudtimesharemanufactured_single_widecoopnon_warrantable_condotownhousedetached_condo |
purchase_price_amount | decimal | The purchase price is the amount of money that is paid to purchase a real estate property. This price includes the cost of the land and any buildings or other improvements on the property. The purchase price may also include other costs, such as closing costs, title insurance, and other fees associated with the transaction. |
state_code | string | State code is a code that represents the state in which the address is located. |
state_name | string | State name refers to the name of the state in which the address is located. |
street_name | string | A street name is the name of a street on which an address is located. |
unit | enumeration | A property unit is a self-contained and separately identifiable portion of a larger property or building that is designed to be used or occupied by a tenant or owner. Properties are typically single-unit and contain only a single homes or storefront, or multi-unit and contain multiple homes or storefronts. 1234 |
Relationships
| Property | Points at | Definition |
|---|---|---|
has_tax | tax | A person who owns a financial asset may have to pay taxes on the asset. Taxes are fees levied by federal, state, and local governments on income, goods and services, and property, among other things. In the context of finance, tax is considered a financial debt. |