TITLE >> The right or ownership in land; also, the evidence of such ownership.

TITLE CLOSING >> The process in which the title company oversees the closing or document signing of the loan in close conjunction with the entity performing the escrow function on the loan. Once the loan documents are signed and all contingencies are satisfied, the title company records the security instrument and releases the proceeds of the loan.

TITLE COMMITMENT >> A written report showing all current claims against a property before a sale or loan transaction. After completion of the transaction, a title insurance policy is issued.

TITLE INSTRUCTIONS >> A document that instructs a title company how to record a lien against a property and issue a title insurance policy.

TITLE INSURANCE >> Insurance against certain loss resulting from undisclosed defects of title to a specifically described parcel of real property.

TITLE SEARCH >> A review of all recorded documents affecting a specific piece of property to determine the present condition of claims against the property.

TOTAL MONTHLY INCOME >> Gross monthly income from all income sources, after appropriate deductions are taken.