Across
- 3. _______ Closing Letter is essentially an agreement from a title insurance company to a lender that indemnifies the lender against any issues arising from a closing agent’s errors, fraud or negligence.
- 6. Federal Emergency Management Agency (Marco's easy word)
- 7. Document that legally transfers ownership of property from one person to another.
- 9. Earnest Money _______ similar to a security deposit. This money is held in an escrow or trust account.
Down
- 1. Levy ______ District Businesses are required to pay an additional tax in order to fund projects within the district’s boundaries.
- 2. A method of selling property without the use of an agent or broker.
- 4. Creates a lien on the property so that the seller, for instance, can take the property back if the buyer does not pay the loan. (Acronym)
- 5. Deed of ______, is a deed wherein legal title in real property is transferred to a trustee which holds it as security for a loan (debt) between a borrower and lender.
- 8. Loan _____ is usually based on the dollar amount of your loan. It only protects the lender's interests in the property should a problem with the title arise.