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Term of the Day

Abstract of Title

Abstract of title is a record of the title history of a property or other significant asset, including transfers, liens, and legal actions that are connected to the property. This document is crucial for purchasers or investors of a property as a summary of a title’s status to ensure clear title and to validate its provenance.

More Terms

  • Amortization

  • ARM (Adjustable-Rate Mortgage)

  • Balloon Payment

  • Cash-Out Refinance

  • Down Payment

  • Foreclosure


Questions & Answers About Home Mortgages

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