Title is a legal term referring to the ownership rights and interests in a property, including the right to possess, control, use, and transfer the property. A title is established through a deed or …
Title Examination
An examination of the public record to determine that the seller is the legal owner and there are no encumbrances (such as claims or liens) affecting the property. …
Title Insurance
Title insurance is a policy that protects the buyer and/or lender against financial loss resulting from defects in the property's title, undisclosed liens, or other encumbrances. Issued by a title …
Title Insurance Binder
A title insurance company's written commitment to insure title to the property, subject to the conditions and exclusions shown on the binder. …
Title Risk
Possible impediments to the transfer of a title from one owner to another. …
Title Search
The process of reviewing all recorded transactions in the public record to determine whether any title defects exist that could interfere with the clear transfer of ownership of the property. …