Title Company
An insurer who researches the title to real estate for the purpose of discovering any unknown liens or encumbrances on the property that may have come into effect before the current purchase of the property. Mortgage bankers lending money to home buyers generally require the purchaser to purchase title insurance. If, after the purchase, a recorded encumbrance surfaces that was not discovered by the title company, it is paid by the title company to the insured as a claim
Popular Real Estate Terms
Window designed in an alcove extending outside the structure. A bay window makes the home look more attractive and adds light, as well as providing a better view. ...
Parcel of land that is totally surrounded by other land parcels not providing access to a highway. ...
For the definition of affirmative action, we can say it is a type of policy through which individuals that pertain to an underrepresented part of society get increased opportunities to ...
method of land description that identifies a parcel by specifying its shape and boundaries. ...
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First right of a party, usually a creditor, to hold, keep possession of, or control the property of another to pay a debt, duty, or obligation. ...
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