Dictionary

Title Search

Definition:   an examination of all the public records to determine whether any defects exist in the chain of title Pronunciation:   \ˈtī-təl\ \ˈsərch\ Used in a Sentence:    We had a...

Title Insurance

Definition:   a policy of insurance that protects the holder from any loss resulting from defects in the title Pronunciation:    \ˈtī-təl\ \in-ˈshu̇r-ən(t)s\ Used in a Sentence:    The limited protection afforded buyers...

Title Closing

Definition:   the consummation of a real estate transaction, when the seller delivers title to the buyer in exchange for payment from the buyer of the purchase price Pronunciation:   \ˈtī-təl\ \ˈklō-ziŋ\ Used...

Title

Definition:   evidence of ownership of real property, such as a deed Pronunciation:   \ˈtī-təl\ Used in a Sentence:   A person who holds vested ownership rights in property is said to have...

T-intersection

Definition:   an interior lot that suffers from its location at the end of a t-intersection Pronunciation:  \ˌin-tər-ˈsek-shən\ Used in a Sentence:   T-intersection lots are usually less desirable because of the...

Time-share

Definition:   an individual interest in a real property unit together with a right of exclusive use for a specified number of days or weeks a year Pronunciation: Used in a...