Title Flashcards
1
Q
Title
A
Ownership
2
Q
Chain of title
A
History of the ownership which shows conveyances, and encumbrances
3
Q
Abstract of title
A
Summary on the land, shows if there’s any claims against the property
4
Q
Cloud on Title
A
Defect in the title
EX - single woman married
5
Q
A Quiet Title Action
A
Lawsuit in order to establish a party’s title
6
Q
Title insurance
A
Ensure clear an marketable title
7
Q
Alienation of Title
A
Capacity of property or a property right to be sold or transferred
8
Q
Alta policy of title insurance
A
Protects real property owners an mortgage lenders against losses from defects in titles
