Title : |
A legal document that proves an individual’s ownership of property. |
| Title Insurance : |
Usually issued by a Title Insurance company, protects a homeowner from errors made during a title search. Determined by the value of the property being sold, the cost may be shared between the purchaser and the seller. |
| Title Search : |
| Best performed by a title company, this is thorough examination of municipal and public records to determine legal ownership of property. |
| Trustee : |
A person whom is legally entrusted with property for the benefit of another individual or individuals. Additionally to place a debtor’s wages, credits, or property in the hands of a third party, in the interest of the creditor. |
| Verification of Employment : |
| Written verification of your employment. Sent by your current employer, this may include your salary information, and your job description. |