You are here:      Home

A glossary of real estate and mortgage terms for home buyers and sellers

Search for glossary terms (regular expression allowed)
Begins with Contains Exact term Sounds like
All | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z

All

Term Definition
Title Insurance

Insurance that protects the lender (lender's policy) or the buyer (owner's policy) against loss arising from disputes over ownership of a property. Your lender will require that you buy title insurance to ensure that you are receiving a "marketable title." There are two types of title insurance policies:

  • Lender's policy (mandatory): This protects the lender should a flaw in the title be detected after the property has been purchased.
  • Owner's policy (optional, but recommended): This protects you should a flaw in the title be detected after the property has been purchased.
    • Generally, the buyer pays the cost of both policies. Check with your insurer, because you may receive a price break if you seek a combined lender/owner policy or if you purchase a "reissue" policy from the company that previously insured the title.
    Glossary 2.64 is technology by Guru PHP
    Copyright 2009 Sherwood Homes and Land. All rights reserved - Violators will be prosecuted.
    The Gardner Team 20649 SW Roy Rogers Rd Ste #301, Sherwood, OR 97140
    971-832-1234
    Sitemap | Real Estate Websites