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title report |
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title report n. the written analysis of the status of title to real property, including a property description, names of titleholders and how title is held (joint tenancy, etc.), tax rate, encumbrances (mortgages, liens, deeds of trusts, recorded judgments), and real property taxes due. A title report made when the report is ordered is called a "preliminary report," or a "prelim," and at time of recording an up-to-date report is issued which is the final title report. The history of the title is called an "abstract." A title report is prepared by a title company, an abstractor, attorney, or an escrow company, depending on local practice. Normally a title report's accuracy is insured by title insurance which will require the insurance company to either correct any error or pay damages resulting from a "cloud on title," encumbrance or title flaw in the title which was not reported. (See: title, cloud on title, title insurance, abstract) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Muro Title Insurance Agency has launched a new web site that enables real estate professionals to order title reports with the click of a mouse and receive their reports online 24/7. iProduction's newsletter clients include The Title Report, The Daily Record, Washington Business Information Inc. The county title report said the cemetery could hold up to 260 graves. |
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