Basics of Title

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Across
  1. 3. Processor who reviews the chain of title for the purpose of preparing a Title Insurance Commitment
  2. 4. Process of replacing an existing mortgage with new mortgage with more favorable term like lower interest rate or shorter loan term
  3. 6. The process in which the history of real estate is researched, and information is collected regarding ownership liens and encumbrances etc
  4. 8. Legal document issued by a Title insurance company outlining the conditions under which will issue a title insurance policy
Down
  1. 1. Licensed professional where individuals and companies buy, sell, and lease properties
  2. 2. Process of resolving or correcting Property’s title to make it marketable and free of legal complications
  3. 5. A neutral third party who holds the earnest money deposit, purchase price and documents related to transactions are held until the all conditions in the purchase agreement are fulfilled
  4. 7. One time fee paid for the Title Insurance policy