Home | Ask Your Question | Mortgage Glossary
Search a lender for:  



Title is a legal term for an owner's interest in a piece of property. It may also refer to a formal document that serves as evidence of ownership. Conveyance of the document may be required in order to transfer ownership in the property to another person.

Title is distinct from possession, a right that often accompanies ownership but is not necessarily sufficient to prove it. In many cases, both possession and title may be transferred independently of each other.

A title should be examined for any recorded liens. An encumbered title is one that has recorded liens against it. An Unencumbered title is also known as a “clean title”, being free of liens.

You'll be re-directed to Top-Lenders.com


Books about:

Most Relevant Mortgage Books