What does Title Risk mean?
Title risk refers to the potential for problems or issues with a property's title that could prevent it from being transferred to a new owner. These problems can include things like outstanding liens or mortgages, errors in the title, or disputes over ownership. Title risk can also include potential issues that may not yet be known, such as previously undisclosed liens or claims on the property. The higher the title risk, the more difficult and costly it may be to transfer the property.
Related Terms
Credit Report
Real Estate Settlement Procedures Act
Neo-Traditional Planning
Allowances
Incurable Defect
Payment Cap
Mortgage Lender
Consumer Credit Counseling Service (CCCS)
Experian
Principle of Progression
Cape Cod Style
Kick-Out Clause
Steel Framing
Cooperating Broker
Late Charge
Real estate agent
Life Cap
Impact Fees