Deed of Trust: In Tennessee, a mortgage of real estate is known as a Deed of Trust. This mechanism of mortgaging property is accomplished when the owner (Borrower) transfers legal title in his property in a trust to a Trustee (usually an attorney or bank officer) for the benefit of a Lender (bank or creditor)…
Foreclosure: Foreclosure is what happens when a homeowner fails to pay the mortgage….
Quit Claim Deed: A Quit Claim Deed offers none of the warranties made in a Warranty Deed. The grantor makes no promises that he owns the property or has any right to convey it, or that he will defend against or be responsible for liens or other title defects…
Title Search: An examination of public records, laws and court decisions to disclose the current facts regarding ownership of real estate…
Title Insurance: Title Insurance is a means of protecting yourself from financial loss in the event that problems develop regarding the rights to ownership of your property…
Warranty Deed: The grantor (seller) of property conveyed by Warranty Deed represents that he owns the real estate conveyed, that there are no unpaid liens a the time of closing and that the grantor will defend all legal claims against title…