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  1. You will buy title insurance every time you buy or refinance a home and borrow money. Your savings are magnified whenever you refinance through ENTITLE DIRECT.


  2. For the first time, you can choose your own title insurance company and review important documents prior to closing, including sample documents. This will reduce your
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  4. Federal and state governments have long criticized the title insurance industry.
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ENTITLE DIRECT > Title Insurance Knowledge > Title Insurance Glossary (terms starting with T)

Title Insurance Glossary (terms starting with T)

A B C D E F G H I J L M N O P Q R S T U V W Y
Tenancy by the Entirety
A form of ownership by husband and wife, whereby each owns the entire property. In the event of the death of one, the survivor owns the property without probate.
Tenancy in Common
A form for taking title when two or more people buy property and own it together with either equal or unequal shares. The shares are treated as the individual property of the person holding the share, and when an owner dies, the ownership of the share passes to the owner's estate, not to the other owner/owners.
Tenancy in Survivorship
Tenancy in Survivorship also known as Joint Tenancy is a form of ownership by two or more individuals together. It differs from other types of co-ownership in that the surviving joint tenant immediately becomes the owner of the whole property upon the death of the other joint tenant.
Title
A person's right or series of rights to or for ownership in real property.
Title Insurance
A contractual obligation between a homeowner and/or a lender and the title insurance company, wherein the title insurer, in exchange for a premium payment, provides protection against future losses that might result from a variety of possible title defects or encumbrances that existed at the time of closing.
Title Search
A review of all recorded documents affecting a specific piece of property to determine the present condition of the title
Transfer Tax
State or local tax payable when title passes from one owner to another.
Treasury Index
An index based on the actions of US Treasury bills, or on the U.S. Treasury's daily yield curve. There are different indexes for different term treasury bills. Treasury indexes are commonly used as the index for Adjustable Rate Mortgages. For example, a loan might be fixed at 5% for three years, and then will adjust pursuant to a formula that is the one-year U.S. Treasury Index + 2.75%.
Truth-in-Lending Disclosure
A federal law form that discloses the terms and conditions of a mortgage, including charges related to the loan and the annual percentage rate (APR).
Truth-in-Lending Disclosure
A federal law form that discloses the terms and conditions of a mortgage, including charges related to the loan and the annual percentage rate (APR).