​​ PITI Ratio: The principal, interest, tax and insurance payment to income ratio. Used in mortgage lending decisions. ​ CALL US AT OUR...

​​ PITI: Refers to principal, interest, taxes and insurance, the four majorcomponents of a usual monthly mortgage payment. CALL US AT OUR...

​​ Perfecting Title: Process involving the elimination of any adverse claims against a title. ​ CALL US AT OUR 24 HOUR CUSTOMER SERVICE...

​​ Mortgage: A legal document used to secure the performance of an obligation.​ ​ CALL US AT OUR 24 HOUR CUSTOMER SERVICE HOTLINE:...

​​ Metes and Bounds: A form of land description in which boundaries are described by courses, directions, distances and monuments. ​ CALL...

​ Mechanic’s Lien: A lien on real estate which secures the payment of debts due to persons who perform labor or services or furnish...

​ Market Value: An appraisal term denoting the highest price that a buyer, willing but not compelled to buy, would pay, and the lowest a...

​ Marketable Title: Title which is free from defects which would allow a purchaser to be released from his obligation to purchase​​. CALL...

​ Loan-to-Value Ratio: The ratio of the mortgage loan’s principal to the property’s appraised value or its sales price, whichever is...

​​ Lis Pendens: Legal notice that a lawsuit is pending. Also called a notice of action.​​ ​ CALL US AT OUR 24 HOUR CUSTOMER SERVICE...