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  2. What is a clear title? How to check if a property has one - AOL

    www.aol.com/finance/clear-title-check-property...

    With a clear title, there’s no doubt who the owner of the property is, or who can claim legal ownership of the property. To get a mortgage, lenders require a thorough title search of local ...

  3. What is a title search on property? - AOL

    www.aol.com/finance/title-search-property...

    Key takeaways. A title search ensures that there are no hidden claims on the property that could impact the ownership rights of the buyer. The search is typically performed by a title company or ...

  4. Title search - Wikipedia

    en.wikipedia.org/wiki/Title_search

    In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1] A title search is also performed when an owner ...

  5. Owner financing: What it is and how it works - AOL

    www.aol.com/finance/owner-financing-works...

    The seller doesn’t require a title search or title insurance, but these are important safeguards for the buyer. The buyer also typically needs to pay for homeowners insurance and property taxes ...

  6. Clear title - Wikipedia

    en.wikipedia.org/wiki/Clear_title

    Clear title is the phrase used to state that the owner of real property owns it free and clear of encumbrances. In a more limited sense, it is used to state that, although the owner does not own clear title, it is nevertheless within the power of the owner to convey clear title. For example, a property may be encumbered by a mortgage. This ...

  7. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically mentioned, "marketable title" may be specified, implying a warranty deed should be provided.

  8. Mortgage law - Wikipedia

    en.wikipedia.org/wiki/Mortgage_law

    This document is an undertaking by the borrower that he/she has deposited the title documents with the bank with his own wish and will, in order to secure the financing obtained from the bank. [ citation needed ] Certain transactions are recognized therefore as mortgages by equity, which are not so recognized by common law.

  9. Seller financing - Wikipedia

    en.wikipedia.org/wiki/Seller_financing

    The seller could negotiate a higher interest rate. The seller could negotiate a higher selling price. The property could be sold "as is" so there will be no need for repairs. [5] The seller could choose which security documents (mortgage, deed of trust, land sales document, etc.) to best secure his/her interest until the loan is paid.

  1. Related searches seller liability for clear title search document owner financing property

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