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8 Cards in this Set
- Front
- Back
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Abstract of Title |
A chronological digest of every instrument or event brough out by the tiltle investigaiton and prepared by the abstractor |
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Certificate of Title |
A statement of opinion prepared by a lwyer on the status of the title to a parcel of real property, based on an examination of specified public records. |
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Chain of Title |
The recorded history of matters tht affect the title to a specific parcel of real property, usually beginnign with the original recorded source of the title |
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Cloud on Title |
The existence of some claim or encumbrance on real property that renders tilte of the present owner questionable |
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Suit to Quiet Title |
An action brought by the owne of real estate to require anyone who has an adverse interest in the property to either establish his claim or be permanently barred from asserting the claim in the future |
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Color of Title |
The appearance of title in one who, in good faith, believes he/she has title, but actually does not |
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Insurable Title |
One which a title insurance company will insure, without exception or qualificaiton, at its regular rates |
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Mortagagee's Title Policy |
A morgage policy that protects the mortgagee only to the extent of the mortgagee's interest which decrease with each principle payment |
