Opinion Of Title


Definition of "Opinion of title"

A certification of a property title issued by an attorney after examining the abstract of title. The attorney's opinion of title is essential to obtaining title insurance, a mortgage or the ability to transfer title.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Protective Covenants

An agreement restricting specified financial transactions. For example, a covenant may be agreed ...

Collapsible Corporation

A company that is terminated within 3 years. According to the tax law, a gain arising from the sale ...

Temporary Major Medical Insurance

Modification of the major medical insurance policy that provides coverage for the terminating employ ...

Grid

Series of intersecting lines dividing a map or chart into equal sections. Series of intersectin ...

Ancillary Administrator

Out-of-state or out of jurisdiction administrator appointed to probate a decedents property when the ...

Warranty Deed

Assures that the title is free of any legal claims including encumbrances. It includes covenants of ...

Related Real Estate FAQ

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Is Disability Insurance?

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Tax Breaks for the First Time Home Buyer 7 Tips for a First Time Homebuyer What is Earnest Money What is the Best Time of Year to Buy a Home? How to become a real estate agent

FAQ

Is depreciation common? What is a Multiple Listing Service (MLS)? When Should I Get Travel Insurance? What is an easement? What is a subdivision?