Legal & Title Land Contract A seller-financed agreement where the buyer makes payments and gets title after full payment.
Legal & Title Lender’s Title Policy Title insurance protecting the lender against title defects, typically required at closing.
Legal & Title Lis Pendens A public notice that a lawsuit affecting title to a property has been filed.
Legal & Title Marketable Title Title free of significant defects that a reasonable buyer would accept.
Legal & Title Power of Attorney A legal document authorizing one person to act on another’s behalf in property matters.
Legal & Title Promissory Note A signed document containing the borrower’s written promise to repay a loan.
Legal & Title Quiet Title Action A lawsuit to resolve disputes or clear defects in a property’s title.
Legal & Title Special Warranty Deed A deed warranting only against title defects arising during the seller’s ownership.
Legal & Title Specific Performance A court remedy forcing a party to complete a contract rather than paying damages.
