There are currently 21 terms in this directory beginning with the letter A.
Abstract of Title
A condensed history or summary of all transactions affecting a particular tract of land.
The legal right to enter and leave a tract of land from a public way. Can include the right to enter and leave over the land of another.
Adjustable Rate Mortgage (ARM)
A residential mortgage that has an interest rate that is subject to change. The times of adjustment are agreed upon at the inception of the loan.
A person appointed by a probate court to settle the affairs of an individual dying without a will. The term is “administratrix” if such a person is a woman. Also see “Personal Representative.”
A claim made against the land of another by virtue of open and notorious possession of said land by the claimant.
A person or company that has the power to act on behalf of another or to transact business for another, e.g., a title agent under contract with Old Republic Title is an agent solely for the purpose of issuing policies of title insurance and other title insurance products.
American Land Title Association, a national association of title insurance companies, abstractors and attorneys specializing in real property law. Its headquarters are in Washington, D.C.
Annual Percentage Rate (APR)
An expression of the percentage relationship of the total finance charges to the total amount to be financed as required under the federal Truth-in-Lending Act.
A written opinion of market value based upon a factual analysis of relevant local market information.
Anything so annexed to land or used with it that it will pass with the conveyance of the land.
One to whom a transfer of interest is made. For example, the assignee of a mortgage or contract.