Dictionary

Topography

Definition:   surface features (natural and manufactured) of land (e.g. lakes, mountains, roads) Pronunciation:   \tə-ˈpä-grə-fē\ Used in a Sentence:    A map of the topography of the coastline shows a significant...

Title Theory

Definition:   legal concept that vests title to mortgaged property in the mortgagee (lender) or a third party Pronunciation:   \ˈtī-təl\ \ˈthē-ə-rē\ Used in a Sentence:   With title theory, once the debt is...

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...