Tax Search: Search to determine the present status of real estate taxes against the property. Tenants in Common: Property owned by two or more persons at the same time. The proportionate interests and right to possess and enjoy the property between the tenants in common do not have to be equal.
Termite Letter: Letter from licensed pest exterminating company stating that there is no active infestation of termites and that there is no damage from prior infestation.
Title Insurance: Protects a lender or owner against loss in the event of a property ownership dispute.
Title Search: The process of examining all relevant records to confirm that the seller is the legal owner of a property and that there are no liens or other claims outstanding.
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