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  2. What is a title search on property? - AOL

    www.aol.com/finance/title-search-property...

    In general, the older the home, the longer the title search. If there’s a lengthy string of owners and transactions involving the property — a home equity loan against it, ...

  3. Title search - Wikipedia

    en.wikipedia.org/wiki/Title_search

    Each record is a document evidencing an event that occurred in the history of the property. A deed records an event of property transfer, mortgage documents the collateral interest of a home loan, and a lien documents a claim against the property in favor of another, such as a creditor, vendor, or tradesman. The objective of the title search is ...

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

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

    Lender’s title insurance is based on the mortgage principal amount, about $3.50 for every $1,000 of the loan. Owner’s title insurance is often a few hundred dollars: specifically, $2.50 for ...

  5. Mortgage law - Wikipedia

    en.wikipedia.org/wiki/Mortgage_law

    In title-theory states, a mortgage continues to be a conveyance of legal title to secure a debt, while the mortgagor still retains equitable title. [23] In lien-theory states, mortgages and deeds of trust have been redesigned so that they now impose a nonpossessory lien on the title to the mortgaged property, while the mortgagor still holds ...

  6. Closing (real estate) - Wikipedia

    en.wikipedia.org/wiki/Closing_(real_estate)

    A title search is ordered, and a title commitment and closing protection letter (CPL) are issued and sent to the lender. In some cases, closing in escrow may occur. If so, the opening of escrow occurs during this time. [5] Closing preparation: During closing prep, any title issues discovered during the title search are cleared up. [6]

  7. Title insurance - Wikipedia

    en.wikipedia.org/wiki/Title_insurance

    Title insurance is a form of indemnity insurance, predominantly found in the United States and Canada, that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.

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