title report
The written analysis of a real estate title search, including a property description, names of titleholders and how title is held (joint tenancy, for example), tax rate, encumbrances (mortgages, liens, deeds of trust, recorded judgments), and real estate taxes due. A title report is needed before a lender will agree to finance purchase of the property. A title report is prepared by a title company, an abstracter, an attorney, or an escrow company, depending on local practice.
Category: Real Estate & Rental Property → Buying a House

Nolo’s Plain-English Law Dictionary. . 2009.

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, an 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 also: abstract, title, title insurance

Law dictionary. . 2013.

Look at other dictionaries:

  • title search — n: a search of public records to determine the condition of title to real property usu. that is the subject of a transaction (as a purchase or mortgage) the borrower was required to pay for a title search Merriam Webster’s Dictionary of Law.… …   Law dictionary

  • Title search — A title search is a process that is performed to determine the answers to two questions. *Does the seller have a saleable interest in the property? *Do any liens exist on the property which need to be paid off at closing (mortgages, back taxes,… …   Wikipedia

  • Title Search — An examination of public records to determine and confirm a property s legal ownership, and find out what claims are on the property. A title search is usually performed by a title company or an attorney, who researches the vested owner, the… …   Investment dictionary

  • Title IX — of the Education Amendments of 1972, now known as the Patsy T. Mink Equal Opportunity in Education Act in honor of its principal author, but more commonly known simply as Title IX, is a United States law enacted on June 23, 1972 that states: No… …   Wikipedia

  • title — ti‧tle [ˈtaɪtl] noun 1. [countable] HUMAN RESOURCES JOBS a name that describes a person s job or position: • What is your job title? • Her official title is Human Resources Manager. 2. [countable] a par …   Financial and business terms

  • Report from the Aleutians — is a documentary propaganda film produced by the U.S. Army Signal Corps about the Aleutian Islands Campaign during World War II. It was directed and narrated by John Huston.In contrast to the other technicolor films made in the Pacific war,… …   Wikipedia

  • Title 2 of the United States Code — outlines the role of Congress in the United States Code.Chapter 1usctc|2|1|pipe=Chapter 1 mdash; Election of Senators and Representatives * mdash; Time for election of Senators * mdash; Election to be certified by governor * mdash;… …   Wikipedia

  • Title II weapons — is a legal term defined by U.S. Federal Law describing firearms and similar devices or components which are heavily regulated by the U.S. Government.This definition includes 6 categories: Machine guns, short barreled rifles, short barreled… …   Wikipedia

  • Report to Murphy — is a 1982 television sitcom starring Michael Keaton that aired on CBS. The series is about the everyday problems and frustrations of a parole officer, as he deals with the released prisoners that come and go. External links *imdb title|0083472… …   Wikipedia

  • Report to the Commissioner — In diesem Artikel oder Abschnitt fehlen folgende wichtige Informationen: Vollständige Handlung Du kannst Wikipedia helfen, indem du sie recherchierst und einfügst …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”