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21 Cards in this Set
- Front
- Back
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Abstract of Title |
Condensed history of all documents affecting a parcel of real estate. |
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Actual Notice |
Information one actually knows. |
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Affidavit |
Sworn statement. |
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Arrears |
After the end of period for which the payment is due. |
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Attorneys Opinion of Title |
Lawyers statement after studying an abstract. |
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Caveat Emptor |
Let the buyer beware. |
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Chain of Title |
Title traced from each owner to the following one. |
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Closing Disclosure |
An account of what the borrower paid and what the seller paid, or what was paid by others. |
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Constructive Notice |
Information one could know by investigating. |
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Credit |
Money due and payable to one party at closing. |
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Debit |
Money to be paid by one party at closing. |
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Escrow Closing |
Closing handled by a neutral third party. |
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Evidence of Title |
Good or clear title reasonably free from defects. |
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Marketable Title |
Good or clear title reasonably free from defects. |
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Proration |
Corrective distribution of future expenses. |
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Public Records |
Countrys collection of documents relating to real estate. |
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TRID |
Federal law ensuring that buyer and seller recieve a detaiksd accounting of funds at closing. |
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Realty Transfer Fee |
Tax due the State of New Jersey at closing. |
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Suit to Quiet Title |
Court action to remove cloud on title. |
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Title Insurance Policy |
Title companies guarantee of clear title. |
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Section 8 |
Prohibits Kickbacks. |
