ft-transfer-c

3. A rule that prevents a party to a written contract from presenting outside evidence that clarifies the written terms of a contract that appears to be whole.
4. The cost basis of a property after the application of additions for further improvements and deductions for destruction of improvements and depreciation.
5. The sale of an estate belonging to a deceased person without a will — or an unclear will.
6. The standard title insurance policy.
8. Ownership by one person.
9. A report from a title company providing information about a property's ownership, encumbrances, use restrictions and comparable sales data.
11. Encumbrances such as liens, conditions, covenants and restrictions and easements which affect title to property.

1. Short for: The trade association that represents the title insurance industry.
2. A claim, encumbrance or condition which impairs the title to real property until disproved or eliminated as for example through a quitclaim deed or a quiet title legal action.
7. Provisions entitling the seller to a credit for the portion of prepaid sums which have not accrued on obligations a buyer assumes on the day escrow closes.
8. A public auction of property pursuant to a court order to seize and sell the property to satisfy a money judgment.
10. Indicates fee position of lawful ownership and right to property. Bundle of Rights possessed by an owner. Combination of all elements constituting proof of ownership.