Real estate title & escrow
glossary.

A

Abstract of Title Acceleration Clause Acknowledgment Adjustable-Rate Mortgage (ARM) Adverse Possession Affidavit ALTA Survey Amortization Appraisal Assessment Assignment Assumption of Mortgage

B

Balloon Mortgage Beneficiary Bill of Sale Binder Blanket Mortgage Bridge Loan Buydown

C

Capital Gains Cash to Close Certificate of Occupancy Chain of Title Clear Title Closing Closing Costs Closing Disclosure Cloud on Title Commitment for Title Insurance Comparable Sales (Comps) Contingency Conveyance Covenant

D

Deed Deed in Lieu of Foreclosure Deed of Trust Deed Restriction Default Defect in Title Disbursement Discount Points Documentary Stamps Down Payment Dry Closing Due Diligence

E

Earnest Money Easement Eminent Domain Encroachment Encumbrance Endorsement Equity Escrow Escrow Account Escrow Agent Estoppel Letter

F

Fair Market Value Fee Simple Fiduciary First Mortgage Fixed-Rate Mortgage Flood Certificate FSBO (For Sale By Owner)

G

General Warranty Deed Good Faith Estimate Grantee Grantor

H

Hazard Insurance HELOC (Home Equity Line of Credit) Homeowners Association (HOA) Homeowners Insurance Homestead Exemption HUD-1 Settlement Statement

I

Impound Account Inspection Interest Rate

J

Joint Tenancy Judgment Lien Jumbo Loan

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L

Land Trust Legal Description Lender's Title Insurance Lien Lien Search Lis Pendens Loan-to-Value (LTV)

M

Marketable Title Mechanic's Lien Mortgage Mortgage Insurance

N

Notarization

O

Owner's Title Insurance

P

PITI Plat Power of Attorney Preliminary Title Report Prepaid Items Principal Private Mortgage Insurance (PMI) Probate Promissory Note Property Tax Proration Purchase Agreement

Q

Quiet Title Action Quitclaim Deed

R

Real Property Reconveyance Recording Refinance RESPA Right of Way

S

Satisfaction of Mortgage Second Mortgage Settlement Settlement Agent Short Sale Special Warranty Deed Subordination Survey

T

Tax Lien Tenancy in Common Title Title Commitment Title Examination Title Insurance Title Search Transfer Tax Trust Trustee

U

Underwriting

V

VA Loan Vesting

W

Warranty Deed Wire Fraud Wire Transfer

Z

Zoning