Title Insurance and Closing Services Since 1954
The Real Estate Industry has its own unique language and, without some knowledge of this language, you may find yourself a bit confused if you become involved in a real estate transaction. Wayne County Title Agency, Inc. has compiled the following Definition of Terms commonly used in the real estate industry. Whether you are entering the real estate market for the first time or have invested in it before, this handy reference will provide an understanding of basic real estate words and phrases.
A court action to determine all adverse claims affecting title to a piece of property. The court decree obtained is a “quiet title” decree.
A deed which transfers whatever interest the maker or Grantor of the deed may have in the particular parcel of land.