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Term Definition
TitleThe written evidence that proves the right of ownership of a specific piece of property.
 
Title InsuranceProtection for lenders or homeowners against financial loss resulting from legal defects in the title.
 
Title ServiceA business firm that examines real property titles, reports its findings as to the legal status of such titles, and issues insurance policies to indemnify the owner and lender against financial loss resulting from unknown title defects or prior claims against the property.
 
Transaction FeeA fee that may be charged each time you draw on a home equity credit line.
 


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Did You Know?
Some inexpensive home improvements will add significant value to the selling price of your home, while some very expensive ones will not. Find out more.
 
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