Legal Dictionary

Tag: OW

  • Owner Occupied

    Concept of Owner Occupied in the context of Real Property A short definition of Owner Occupied: Property physically occupied by the owner.

  • Owner’s Policy

    Concept of Owner’s Policy in the context of Real Property A short definition of Owner’s Policy: Title insurance for the owner of property, rather than a lienholder.

  • Owelty of Exchange

    Concept of Owelty of Exchange in the context of Real Property A short definition of Owelty of Exchange: Money necessary to equalize the value of the properties being exchanged. See also: Boot.

  • Owner will Carry Mortgage

    Concept of Owner Will Carry Mortgage in the context of Real Property A short definition of Owner Will Carry Mortgage: A term used to indicate that the seller is willing to take back a purchase money mortgage. See: Purchase Money Mortgage (1).

  • Owner of Record

    Concept of Owner of Record in the context of Real Property A short definition of Owner of Record: The owner of property according to the records of the county recorder.

  • Owner’s Policy

    Concept of Owner’s Policy in the context of Real Property A short definition of Owner’s Policy: Title insurance for the owner of property, rather than a lienholder.