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Glossary term

Title

Definition

Title is the legal ownership of a property — proof of who actually owns the land.

Technical definition

Title is the legal evidence of ownership rights to real property, including the bundle of rights and any encumbrances against it.

Why it matters

Lenders need clear title before financing land, since unresolved claims can jeopardize ownership and their collateral.

Example

A title search before a land purchase checks for liens or competing claims.

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