Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

title
The evidence an owner has of right to possession of property
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title insurance
Insurance against any loss resulting from errors or defects of title to a specifically described piece of real property.
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title search
An investigation of the history of a property to check for liens, any unpaid claims, restrictions or problems, to verify that a seller can transfer free and clear ownership.
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total debt ratio
Your monthly debt and housing payments divided by your gross monthly income.
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Truth-in-Lending Act
A federal law requiring a disclosure of credit terms using a standard format.
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