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Phone: (800) 345-9494
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TITLE INSURANCE You need a title services company that will protect you from problems that may affect property ownership. With Security Search & Abstract Company's Title Services, you can relax, secure in the knowledge that you will receive a carefully researched, accurate title report. Security Search & Abstract offers a variety of title services designed to suit various lenders' requirements, such as title insurance, property and judgment searches and UCC reports. For your title clearance, loan closing and disbursement needs in Pennsylvania and New Jersey, Delaware, and Maryland, we offer full service loan settlement services. Need to close a first mortgage in California? No problem, Security Search & Abstract will cost effectively coordinate your closing and title insurance requirements throughout the United States , utilizing our extensive referral network.
SERVICES: • Full title search andexamination • Current owner property search • Property ownership verification • UCC/financing reports [State and County] • Judgement and lien searches • Title insurance • Loan closing and disbursement • Loan settlement services • Title Insurance
Glossary of Title Terms Abstract (of title) - A condensed history of a title to real estate consisting of a summary of the various links in the chain of title, together with a statement of all liens, judgments, taxes or encumbrances affecting the property. Adverse possession - Possession inconsistent with the right of the true owner. Deed - A written instrument duly executed and delivered for the purpose of conveying title to real estate. Defect of record - Any encumbrance on a title which is made part of the public record. Some recorded defects are judgments, mortgages, other liens, easements, etc. Easement - A privilege or right of use or enjoyment which one person may have in the lands of another; for example, a right-of-way for utility lines, a joint driveway, etc. Encroachment - Trespass: the building of a structure or any improvements partly or entirely intruding upon the property of another. Encumbrance - Any right to or interest in land which may be held by third parties to the lessening of the value of the title to real estate, such as a judgment, unpaid taxes, other liens, easements, etc. Equity - The interest or value which an owner has in real estate over and above the debts against it. General Warranty Deed - A deed containing a covenant whereby the grantor agrees to protect the grantee against any claimant. Grantee - The buyer of real estate. Grantor - The seller of real estate. Hidden defect - Any encumbrance on a title that is not apparent in the public records: for example, unknown heirs, secret marriages, forged instruments, mental incompetence, infancy of the grantor, etc. Infancy - That state of being wherein a person has not yet reached the age of legal majority-in most states an infant is a person who has not yet reached the age of 18, although in some states the age of majority is still 21. Lien - A hold or claim which one person has upon the property of another as a security for some debt or charge. Mortgagee - the lender under a mortgage. Mortgagor - the borrower under a mortgage. Partial interest - Any interest less than a whole; for example, a wife's dower interest, an heir overlooked in the distribution of an estate (partial interests in properties may get down to very small fractions.) Perfecting title - the elimination of all claims made against a title to real estate. Restriction - A limitation placed upon the use of real estate. Some common restrictions are set-back lines prohibiting the erection of any part of a building less than a specified number of feet from the street line; an ordinance restricting land to residential use, etc. Special Warranty Deed - A deed containing a covenant whereby the grantor agrees to protect the grantee against any claims created by the grantor. Title - the sum of all the facts on which ownership is founded or by which ownership is proved. Possession, the right of possession and the right of property form a complete title. Title defect - Any circumstance that adversely affects the right of the whole ownership of property by the owner of record. Title search - The examination of all the records comprising a history of the title to real estate (see "abstract of title"). Title search fee - the charge made by an attorney or abstractor for performing a title search.
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