EXAM III

historical sequence of all owners to a particular tract of real property

notice recorded in the real property records that informs

alphabetical index of the public real property records that list the last names of all people who are grantors

alphabetical index of the public real property records that lists the names of all people who are grantees

judicial proceeding to establish the ownership of real property

examination of the real property records to determine the ownership

sworn statement of fact

method of transferring ownership of a promissory note

contract to indemnify the insured against loss through defects in the title to real property

a commitment or a contract by a title insurance company to issue a title insurance policy

data set forth in a real estate contract on which the parties agree to perform all the promises of the contract

agreement that requires the deposit of a document or money into the possession of a third party

consummation of a loan secured by real property

contract between a borrower and a lender to make and accept a mortgage loan secured by real property

endorsement to a policy of fire and hazard insurance whereby the owner of the insured property

endorsement to a policy of ire and hazard insurance whereby the owner of the insured property and the insurance company agree that any and all proceeds payable under the policy are to be paid directly to the lender

act of repealing or voiding something or some action

all costs involved in the settlement or closing of a real estate transaction

term used in the Truth-In-Lending Act to mean any charge or fee payable directly or indirectly by the consumer to obtain a consumer loan

term used in the Truth-In-Lending Act to mean a loan offered or extended primarily for personal, family or household purposes

legal document that transfers ownership to personal property

form of property ownership in which the owner owns an individual unit in a multiunit building

form of ownership of real property in which a corporation owns a multi unit building and leases living space in the building

form of ownership of real property in which an owner owns the property for a short period

deed containing full warranty of title

deed wherein the grantor covenants and warrants only against the lawful claims of people claiming by through or under the grantor

deed that contains no warranties of title

portion of the deed that indicates the country and state in which the deed was signed by the grantor

land and the buildings located on the land

clause found in a deed or mortgage that indicates what estate in real property is being transferred by the deed or mortgage

portion of the deed that the grantor signs and the signature is witnessed or notarized

portion of the deed that sets forth the parties to the deed and the date of the deed