A warranty deed is a document provides the greatest amount of protection in which grantor warrants that the owner owns the property that is free from all encumbrances such as any outstanding liens, or mortgages.
A method of obtaining an easement although the owner of the land burdened by the easement has not agreed to grant the easement.
Easement by prescription is created only if the following conditions are met: 1. Continuous and uninterrupted use for five years; 2. Use is hostile and adverse to the owner; 3. Use is open and notorious; 4. Exclusive; and 5. Under some claim of right.
In real estate, amortization is payment of a debt or obligation in equal installments over a given period so that by the end of the period the debt is completely paid. It is the opposite of a balloon payment.
Deed is a written instrument which, when properly executed and delivered by a competent party, transfers title to real estate.
A deed for carrying out fiduciary purposes in which the real property is conveyed to a trustee in a land trust. The power to sell, lease, and mortgage the property are given to the trustee under the provision of the trust agreement.
Deed of Reconveyance
The document that transfers legal title from the trustee to the trustor (the borrower under a note and trust deed) after a trust deed debt has been paid in full.