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Title
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.
RELATED TERMS--------------------------------------
Ownership
The right to possess and use property to the exclusion of others.
Possession
The condition of having signed all the papers at closing and having received keys to the house.
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.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
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.
Interest
Money paid to a lender as compensation for money that is borrowed.
SIMILAR TERMS--------------------------------------
Title 1
An FHA-insured loan that allows a borrower to make non-luxury improvements (like renovations or repairs) to their home.
Title company
A company that specializes in examining and insuring titles to real estate.
Title defects
An unresolved claim against the ownership of property, which prevents presentation of a marketable title.
Title examination
A check of the title records, generally at the local courthouse, to make sure the buyer is purchasing a house from the legal owner and there are no liens, overdue special assessments, or other claims or outstanding restrictive convenants filed in the record.
Title insurance
Insurance that protects the lender against any claims that arise from arguments about ownership of the property.
Title insurance fees
The costs involved in purchasing title insurance.
Title risk
Possible impediments to the transfer of a title from one owner to another.
Title search
Carried out as part of the conveyancing process to verify that the seller has clear ownership and is free to transfer the property.
Title theory
Some states interpret a mortgage to mean that the lender is the owner of mortgaged land. Upon full payment of the mortgage debt the borrower becomes the landowner.
Title v examination
A test put together by the state EPA that must be performed on all private sewerage systems.
Title, escrow and closing agent fees
These companies charge various fees for their services.
PREVIOUS AND NEXT TERMS--------------------------------------
Tier (township strip)
A strip of land six miles wide, extending east and west and numbered north and south according to its distance from the base line in the rectangular (government) survey system of legal description.
Time is of the essence
Legal phrase in a contract requiring punctual performance of all obligations.
Timeshare
A form of multiple ownership of a piece of property in which each owner has access to the property for a period during the year.
Time-weighted average annual rate of return
The constant annual return over a series of years that would compound to the same return as compounding the actual annual returns for each year in the series.
Timing
Refers to the length of time one must wait to receive cash flow from an investment.
Title
Title 1
An FHA-insured loan that allows a borrower to make non-luxury improvements (like renovations or repairs) to their home.
Title company
A company that specializes in examining and insuring titles to real estate.
Title defects
An unresolved claim against the ownership of property, which prevents presentation of a marketable title.
Title examination
A check of the title records, generally at the local courthouse, to make sure the buyer is purchasing a house from the legal owner and there are no liens, overdue special assessments, or other claims or outstanding restrictive convenants filed in the record.
Title insurance
Insurance that protects the lender against any claims that arise from arguments about ownership of the property.
This dictionary contains 6433 terms. |
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