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NE Real Estate

NE Real Estate Unit 7

TermDefinition
Constructive notice notice given to the world by recorded docs
abstract of title history of the recorded ownership of a particular parcel of RE
action to quiet title court action that establishes ownership
actual notice express info or fact
attorney's opinion of title accurate statement of the facts concerning the property ownership
certificate of title statement of the title to a parcel of RP based on specifics public records
recording act of entering docs affecting or conveying interest in RE
title insurance policy insuring a property owner or mortgage against loss
title search examination of public records
subrogation title company makes a payment to settle a claim conveyed by a policy
marketable title good or clear title
priority chronological order in which lien docs are recorded
Torrens system evidencing title by registration
chain of title succession of conveyances
devise transfer of RP by will
Created by: SevitaM
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