A title search is a process of reviewing public records to determine the ownership of a property and any liens or encumbrances that may exist on the property.
Title insurance is a policy that protects the buyer or lender against title defects that may exist on the property.
A closing is the final step in a real estate transaction, where the buyer and seller exchange money and the property is transferred to the buyer.
Escrow is a service that holds money and documents in trust until all conditions of a transaction are met.
A title commitment is a document that outlines the terms of a title insurance policy.
A deed is a formal document that transfers ownership of property from one person (or entity) to another.