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  2. Title search - Wikipedia

    en.wikipedia.org/wiki/Title_search

    A full coverage search is usually done when creating a title report for sale/resale transactions and for transaction that involves construction loans. It generally includes searches related to property lien, easements, covenants, conditions and restrictions(CC&Rs), agreements, resolutions and ordinances that will affect the real property in question.

  3. What is title insurance and when do homebuyers need it? - AOL

    www.aol.com/finance/title-insurance-homebuyers...

    There are two types of title insurance: a mandatory lender's policy, whose cost is based on the mortgage amount, and an optional owner's policy, whose cost is based on the home purchase price ...

  4. Title insurance - Wikipedia

    en.wikipedia.org/wiki/Title_insurance

    The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.

  5. Warranty deed - Wikipedia

    en.wikipedia.org/wiki/Warranty_deed

    A warranty deed is a type of deed where the grantor (seller) guarantees that they hold clear title to a piece of real estate and has a right to sell it to the grantee (buyer), in contrast to a quitclaim deed, where the seller does not guarantee that they hold title to a piece of real estate.

  6. A national settlement will change how you buy and sell ... - AOL

    www.aol.com/national-settlement-change-buy-sell...

    Wisconsin's median home sales price has nearly doubled in the last decade, from $139,000 in 2013 to $270,000 in 2023, according to WRA data. Prices have increased sharply largely a consequence of ...

  7. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    For example, if a buyer pays a $2,000 down payment and borrows $8,000 for a $10,000 parcel of land, and pays off in installments another $4,000 of this loan (not including interest), the buyer has $6,000 of equity in the land (which is 60% of the equitable title), but the seller holds legal title to the land as recorded in documentation in a ...

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