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Real Estate Glossary

What is Title?

A title is a legal document that serves as proof of ownership for a piece of real estate. It includes important information about the property, such as its location, boundaries, and the names of the current and previous owners. The title also includes any liens or encumbrances that are placed on the property, such as mortgages, taxes, and other outstanding debts. Obtaining a clear title is crucial for the transfer of ownership, and a title search is usually conducted to ensure that the title is free from any defects or issues.