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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Back Title Letter


Synonyms:deed, legal document, statement, summary
Filed Under: insurance, legal-contracts, real-estate
Tags: contract, insurance, legal, realty
 

Definition of back title letter

back title letter
1. A letter or document from the title insurance company that specifies the condition of the title. The letter is generally given to the lawyer involved in the real estate transaction.

Related Terms and Acronyms:

  • deed (D)   A document that provides title to property and is filed with a country recorder.
      ➥  Used to transfer ownership of assets, often land or automobiles.
  • title   Evidence of a person's right to possession ownership of a property.
  • title report   A report that reveals any competing claims, liens, or other problems relating to a property. A title report is required before title insurance will be issued. Also known as a "Preliminary Title Report" or "Prelim."

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