|
Word |
Definition |
| Tax Sale |
Public sale of property at auction by governmental authority, after a period of nonpayment of property taxes. |
| Title |
The document that gives legal evidence of an individual's ownership of property |
| Title Insurance |
Insurance against loss resulting from defects of title to a specifically described parcel of real property. Defects may run to the fee (chain of title) or to encumbrances. |
| Truth-in-Lending |
The federal law requiring disclosure of the Annual Percentage Rate (APR) to home buyers shortly after they apply for the loan. |
