Buying a home is likely the largest investment you will make in your life. Title insurance protects your investment in many cases where there are rival claims on your property. Each time a property exchanges hands, there are more opportunities for mistakes, oversights, and complications to occur,...
Even More Helpful Real Estate Settlement Terms
Here are a few more real estate terms you may find useful at your closing.Abstract
A short history of a parcel's title. It includes the initial grant and all subsequent transfers affecting ownership of the property.ALTA
American Land Title...More Useful Real Estate Settlement Terms
Here are a few more terms you will need to know before going to your closing.Default
Failure to live up to an agreement by either not paying or not performing by the covenants.Defective Title
An irregular or faulty title due to a lien, judgment, mortgage...Useful Real Estate Settlement Terms
Here are a few terms you will likely come across as you approach your closing date. Make sure to go into your closing knowing what they mean.Adverse Possession
The technical term for squatting, or occupying a property without the owner's consent. Title of the...
One of the most important events in your life is when you purchase your first home. The decision can be a scary and intriguing, but with the right help, it will be one of the best and most memorable experiences you will have. Since this is a very significant decision, Riva Title Company wants to ...
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