ABSTRACT
ITEMS ON CD
LENDER DOCUMENTS
LEGAL
MISC.
100
A binder of any documents that have been recorded on a legal description - dating back to Indian Territory
What is an ABSTRACT?
100
Annual dues on a property for maintenance of subdivision or common grounds
What is an HOA?
100
Loan that the bank or mortgage lender give you to help finance the purchase of a home
What is mortgage
100
Legal Process that takes place after someone dies.
What is Probate
100
Allowing another party to sign the documents for you
What is Power of Attorney
200
Good for 6 months
How long is an update of an abstract good for?
200
Liens filed on properties by lenders for perhaps an air conditioner
What is a UCC?
200
a data table that shows the process of paying off a loan with details for every payment
What is amortization schedule
200
Lawsuit brought in a court having jurisdiction over property disputes - in order to clear title
What is Quiet Title
200
Funds buyer offers with contract acceptance
What is earnest money?
300
Abstract Companies in the county where the property resides
Who updates the Abstract?
300
Letter ordered to see if there our any outstanding assessments on the property
What is a Special Assessment Letter
300
sometimes called an impound account - setup by mortgage lender to pay certain property related expenses
What is Escrow Account
300
A Deed allowing the survivor to obtain 100% of interest in property
What is Survivorship deed?
300
Allowing borrower to have 3 business days to decide if they want to go through with the transaction
What is right of recession?
400
Sellers fee per MLS contract
Who is responsible for the update of the Abstract?
400
Some refer to this as a survey. It is for lender purposes only and cannot be used to build by.
What is MIP (Mortgage Inspection Plat)
400
Abstracts to county in which property resides
Where are abstracts stored?
400
This deed provides interest to both in title without survivorship
What is tenants in common?
400
2 documents that are recorded with the county
What is the deed and mortgage
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