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2. Property abstract - Wikipedia

   en.wikipedia.org/wiki/Property_abstract

   A property abstract is a summary of the legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deeds, mortgages, wills, probate records, court litigations, and tax sales —basically, any legal document that affects the property. The abstract will show the names of all ...

3. Negotiable instrument - Wikipedia

   en.wikipedia.org/wiki/Negotiable_instrument

   A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the document. More specifically, it is a document contemplated by or consisting of a contract , which promises the payment of money without condition, which may be paid either on ...

4. Recording (real estate) - Wikipedia

   en.wikipedia.org/wiki/Recording_(real_estate)

   The vast majority of states in the United States employ a system of recording legal instruments (otherwise known as deeds registration) that affect the title of real estate as the exclusive means for publicly documenting land titles and interests. The record title system differs significantly from land registration systems, such as the Torrens ...

5. Purchase and sale agreement - Wikipedia

   en.wikipedia.org/wiki/Purchase_and_Sale_Agreement

   A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets. The person, company, or other legal entity acquiring, receiving, and purchasing the property, stock, or ...

6. Guide to closing on a house: What to expect during the ... - AOL

   www.aol.com/finance/guide-closing-house-expect...

   3. Run a title search. Run a title search on the property you are purchasing early in the closing process. A title search will bring up any issues with or claims against the home, such as a ...

7. Real Estate Settlement Procedures Act - Wikipedia

   en.wikipedia.org/wiki/Real_Estate_Settlement...

   The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601 – 2617. The main objective was to protect homeowners by assisting them in becoming better educated while shopping for real estate services, and eliminating ...