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. …
Toilet Seal
A gasket that seals the joint between the bottom of a toilet and the drain piping. This prevents water leakage and the escape of sewer gases. …
Tongue and Groove
Lumber with a small groove down one side of each board and a protruding piece (tongue) on the other side that fits into the groove when the boards are installed. …