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Unit 6 Key Terms: Fill-in-the-Blank Practice

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Unit 6 Key Terms: Fill-in-the-Blank Practice

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Unit 6 vocabulary practice

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Unit 6 Key Terms: Fill-in-the-Blank Practice
 

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Unit 6 Key Terms: Fill-in-the-Blank PracticeOnline version

Unit 6 vocabulary practice

by HEATHER
1

A summarized history of recorded documents affecting title is called an of title .

2

Charges imposed on property owners for public improvements are called .

3

The history of ownership transfers for a property is known as the chain of .

4

The document showing all financial charges and credits at closing is the closing .

5

Notice provided through properly recorded public records is called notice .

6

Direct knowledge of a fact affecting property is called notice .

7

Amounts entered on a closing statement that benefit a party are called .

8

Amounts charged to a party at closing are called .

9

A title free from significant defects is considered title .

10

The division of expenses between buyer and seller according to the closing date is called .

11

The federal law requiring disclosure of settlement costs is known as .

12

The process of balancing all financial entries at closing is called .

13

A professional measurement of property boundaries is called a .

14

The legal right of ownership in property is called .

15

The final step where ownership transfers and financial obligations are settled is called a title .

16

protecting against hidden title defects is called title insurance .

17

An examination of public records to identify ownership defects is called a title .

 
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