Term
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Definition
| The act of granting real estate ownership |
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Term
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Definition
| The document that conveys title to real estate |
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Term
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Definition
| The clause in a deed that names the type of estate being transferred |
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Term
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Definition
| Money, promises, or anything of value given in exchange for something else of value |
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Term
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Definition
| The type of deed that is best for the grantee |
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Term
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Definition
| The problem solver deed with no promises or guarantees |
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Term
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Definition
| Ownership recognized by the courts after actual, open, continuous, notorious, hostile possession of another’s land for 7 years |
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Term
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Definition
| Legal notice through recording a document |
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Term
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Definition
| A document that summarizes all recorded documents affecting title to a given parcel of land |
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Definition
| The history of conveyances linking the present owner to the original source. |
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Term
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Definition
| A title insurance policy that protects the lender and its assigns until the loan is paid in full |
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Term
| Personal Representative’s Deed |
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Definition
| A deed given by an individual appointed by will or by court to settle the estate of a deceased person |
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Term
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Definition
| A deed given by an individual authorized to act on behalf of a minor or a ward of the state |
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Term
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Definition
| A deed given by a group authorized to transfer ownership on behalf of an owner who is institutionalized or declared legally incompetent |
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Term
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Definition
| The sales price and anything else that increases the amount of money the buyer must bring to the closing |
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Term
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Definition
| The sales price and anything else that increases the amount of money the seller takes from closing |
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Term
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Definition
| A title insurance policy that protects owners and heirs while they have an interest |
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