Markings on a blueprint containing design and revision information.
Title company
Firm that provides insurance of a clear title once it completes its search for liens.
Title defect
An unresolved claim against he ownership of property, which prevents presentation of a marketable title. Such claims may arise from failure of the owner's spouse or former partner to sign a deed, current liens against the property or an interruption in the title records to a property.
Title examination
The check of the public record, by the title company, to determine the legal ownership and that there are no claims or liens affecting the property.
Title insurance
The policy that is issued to protect against loss due to a dispute in property ownership.
Title insurance binder
Written commitment, issued by the title company, agreeing to insure title to a property, subject to conditions or exclusion shown.
Title insurance policy
A required insurance policy ensuring that the title will be held free of any liens other than those incurred by the buyer.
Title report
A document indicating the current state of the title, such as easements, covenants, liens and any defects. The title report does not describe the chain of title.
Title risk
Possible impediments to the transfer of title of a property.
Title search
The reviewing, of all recorded transactions in the public record, to discover any title defects, which could interfere with the transfer of ownership of a property.
