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Glossary of Real Estate Terms
Comprehensive glossary of real estate, title, and escrow terminology to help you understand your transaction.
450 KB • PDF
Understanding real estate terminology is crucial for navigating your transaction. This glossary covers the most common terms you'll encounter.
Title Terms:
- Title: Legal ownership of property
- Title Search: Examination of public records to verify ownership
- Title Insurance: Insurance protecting against title defects
- Deed: Legal document transferring ownership
Escrow Terms:
- Escrow: Neutral third party holding funds/documents
- Escrow Officer: Licensed professional managing the transaction
- Earnest Money: Deposit showing buyer's commitment
- Closing Disclosure: Final statement of closing costs
Loan Terms:
- Principal: Original loan amount
- Interest: Cost of borrowing money
- PMI: Private Mortgage Insurance
- Appraisal: Professional property valuation
This is just a sample of the terms covered in the full glossary. Download the complete PDF for comprehensive definitions and explanations.