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| Home | Ask Your Question | Mortgage Glossary | ||
Abstract of TitleA summary provided by a title insurance company of public records affecting the title to a property. An attorney or a title company will review an abstract of title to determine if there are any problems affecting the title to the property. All such problems must be cleared before the buyer can be issued a clear and insurable title.
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Related Mortgage Definitions: Title Insurance Title Insurance A policy, issued by a title insurance company, which insures a home buyer against errors in the title search. The cost of the policy is usually a function of the value of the property, and is often borne by the purchaser and/or seller. Policies are also available ... more... Title Title 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 ... more... Untitled Document Abstract of Title A summary provided by a title insurance company of public records affecting the title to a property. An attorney or a title company will review an abstract of title to determine if there are any ... more... Deed Deed A written document by which title to real property is transferred from one owner to another. The deed should contain an accurate description of the property being conveyed, should be signed and witnessed according to the laws of the ... more... |
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