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| Title InsuranceAn insurance policy that may be purchased to protect the new owner from any liens or clouds against the title. In order to issue title insurance, the issuer will perform a title search in the county records. Since title is searched at the time of closing, title insurance is usually less expensive at the time of closing, rather than if a buyer called the title company at a later time, as an additional title search would have to be performed prior to issuing the insurance. See also:Tax DeedTax LienTen Thirty One Exchange (1031 Exchange)Tenancy by the EntiretyTenancy in CommonTermTime is of the EssenceTime Limit of an OfferTitle CompanyTitle InsuranceTitle SearchTransaction BrokerTransfer TaxTruth in Lending Act |
