You have heard me mention the word TITLE, but perhaps are wondering what that means.

TITLE refers to ownership. All property has some sort of owner. It may be an individual (such as a house), the government, or a private institution. TITLE is the proof of ownership. And when you purchase a home and the property if transferred to you at closing, you receive TITLE to the property (you may not actually have the deed itself, which is the document showing proof - it may be held by a third party if there is a mortgage, sort of like the bank holding the title to your car).

Different states may refer to a title in various ways. Abstract of Title (typically a list of the relevant documents for a title search) or a Title Abstract are some other terms.

TITLE may be separate (ownership by 1 person or 1 entity) or concurrent (e.g., community property [husband and wife],tenancy in common).