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Owners policy
Owners policy Title insurance for the owner of property, rather than a lien holder.
RELATED TERMS--------------------------------------
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Lien
A charge or claim by one party on the property of another as security for the payment of a debt.
SIMILAR TERMS--------------------------------------
Owner financing
A property purchase transaction in which the property seller provides all or part of the financing.
Owner of record
The person named in the public record as the owner of a property or mortgage.
Owner's title insurance
An insurance policy protecting the buyer for the amount of the purchase price in the event of a future title dispute.
Owner-occupied
A property where the owner physically occupies the property.
Ownership
The right to possess and use property to the exclusion of others.
PREVIOUS AND NEXT TERMS--------------------------------------
Overhang
A protruding structural feature.
Overhanging redemption penalty
An early redemption charge that lasts beyond the benefit period is referred to as an extended or overhanging redemption penalty.
Owner financing
A property purchase transaction in which the property seller provides all or part of the financing.
Owner of record
The person named in the public record as the owner of a property or mortgage.
Owner-occupied
A property where the owner physically occupies the property.
Owners policy
Owner's title insurance
An insurance policy protecting the buyer for the amount of the purchase price in the event of a future title dispute.
Ownership
The right to possess and use property to the exclusion of others.
This dictionary contains 6433 terms. |
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