The APR is disclosed as a requirement of federal truth in lending statutes.Īn opinion of value based upon a factual analysis. For example: 6% add-on interest would be much more than 6% simple interest, even though both would say 6%. The yearly interest percentage of a loan, as expressed by the actual rate of interest paid. Standard American Land Title Association (ALTA) format for commitments, policies and miscellaneous title insurance forms. For a complete definition or for use in different contexts, please refer to a legal dictionary (e.g., FindLaw Legal Dictionary) or ask your lawyer.Ī | B | C | D | E | F | G | H | I | J | L | M | O | P | Q | R | S | T | WĪ condensed history of the title to a parcel of real property consisting of copies of all documents from the public record that affect that parcel such as deeds, mortgages, encumbrances, easements, marriages, deaths, divorces, liens, etc.
Please Note: The definitions below apply to the meaning of the term as typically given in the issuance of ATG policies. (ATG) provides this list to help ease any confusion you may have. Services/Publications Glossary of Real Estate Termsĭuring the course of buying or selling your home, you will likely come across a host of unfamiliar real estate-related words and phrases.
