A type of co-ownership of real property; a holding of
an estate is land by two or more persons, each being entitled to possession
of the property according to his proportionate share distinct from a
joint tenancy in that there is no right of survivorship in a tenancy
See Balloon payment mortgage
When a person dies leaving a will.
A document that gives evidence of an individual's ownership
A policy of insurance which indemnifies the holder for
loss sustained by reason of a defect in the title, provided the loss
does not result from a defect excluded by the policy provisions.
A federal law requiring disclosure of the Annual Percentage
Rate to homebuyers shortly after they apply for the loan.
A form of mortgage by which a borrower or debtor conveys
title to his property to a Trustee, usually a Public Trustee, who holds
the title for the protection of a
lender or creditor as a pledge or as security for the repayment of the
loan or debt described in the instrument.