In mortgage documentation, what term refers to the formal legal description of the property?

• A. Address
• B. Appraised value
• C. Legal description of the property
• D. Lot and Block description

Answer: (C)

The essential idea is that mortgage documents must pinpoint the exact parcel using a legally recognized description so the lender’s lien attaches to the correct property. The formal legal description of the property is the official, unambiguous identifier recorded in the deed and used in the mortgage to define exactly what is pledged as collateral. This description may take forms such as metes and bounds or Lot and Block within a subdivision, but it’s the overarching term that covers all precise identifiers. An address is helpful for location but can change or be insufficient for legal identification, and the appraised value relates to value, not parcel identification. While Lot and Block is a common form of legal description, the broad, correct term is the legal description of the property.