Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
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Title Search
A check of public records to be sure that the seller is the recognized owner of the real estate and that there are no unsettled * liens or other claims against the property.
Glossary For This Page
(In Alphabetical Order)
* Lien
A claim or charge on property for payment of some debt. With respect to a mortgage, it is the right of the lender to take the title to your property if you do not make the payments due on the mortgage.
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