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| Title insurance
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The policy that is issued to protect against loss due to a dispute in property ownership. |
| Title insurance binder
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Written commitment, issued by the title company, agreeing to insure title to a property, subject to conditions or exclusion shown. |
| Title insurance policy
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A required insurance policy ensuring that the title will be held free of any liens other than those incurred by the buyer. |
| Title report
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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
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Possible impediments to the transfer of title of a property. |
| Title search
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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. |
| Title sheet
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The first page of set of construction drawings. Information on the title sheet typically includes the name and address of the architect as well as an index to the plans. |
| Title theory states
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States in which the law splits the title of mortgaged property into legal title, held by the lender and equitable title, held by the borrower. This is based on the legal assumption, based on a title theory, that the mortgagee is a partial owner of the real estate securing the mortgage and remains as is until the debt is fully paid. The borrower gains full title to the property upon retiring the mortgage debt. The lender is granted more immediate cure to a default than in "lien theory" states. |
| To have and to hold clause
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The "to have and to hold" clause, also known as the Habendum Clause, defines or limits the quantity of the estate granted in the deed. Declares whether the type of ownership conveyed is fee simple, a life estate, or something different. |
| Toe of weld
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The point in a weld where the weld metal meets the metal being joined. |
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