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EARNEST MONEY - Something given as a part of the purchase price to
bind a bargain.
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EASEMENT - A limited right or interest in the land of another
entitling the holder to some use, privilege, or benefit.
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EASEMENT APPURTENANT - An easement created for the benefit of and
attaching to a parcel of land.
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EASEMENT IN GROSS - An easement created for the benefit of a person
rather than for a parcel of land.
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EMINENT DOMAIN - The right to take private property for public use.
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ENCROACHMENT - The extension of an improvement onto land of
another.
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ENCUMBRANCE - A right or interest in land decreasing its value but
not hindering its sale or transfer.
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ENDORSEMENT - The act of signing a name on the back of a check or
promissory note to evidence its transfer; also, a written document
attached to an insurance policy expanding or limiting coverage.
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EQUITY IN PROPERTY - The value of a person’s interest in property
over and above total liens and charges.
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ESCROW - A transaction in which an impartial third party acts upon
instructions for both seller and buyer, or for both borrower and lender,
in carrying out instructions; delivering papers and documents; and
disbursing funds.
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ESTATE - The degree, quantity, nature, and extent of a person’s
interest in real property.
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ESTATE TAX - A tax upon the privilege of transmitting title to
property of a decedent.
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EXAMINER - A person who analyzes a chain of title to land and
expresses an opinion thereon.
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EXCEPTION - A deduction, subtraction, or exclusion.
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EXCULPATORY CLAUSE - Provision designed to absolve a party from
liability.
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EXECUTOR - A male representative of the estate of a testate
decedent.
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EXECUTRIX - A female representative of the estate of a testate
decedent.
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EXEMPTION - Immunity from a burden or obligation.
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FEE - An estate of inheritance in real property.
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FICTITIOUS DEED OF TRUST - A recorded deed of trust containing
general terms and provisions but naming no parties and describing no
property; it is used for reference only.
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FORECLOSURE - Enforcement of a lien by sale of property given as
security.
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FORECLOSURE SALE - The sale of property given as security to secure
performance of an obligation.
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GIFT - A voluntary conveyance or transfer of property without a
valuable consideration.
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GRANT - A transfer of real property by deed.
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GRANT DEED - A written instrument transferring title to real
property.
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GRANTEE - The person acquiring title to real property by a deed.
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GRANTOR - The person transferring title to real property by a deed.
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GUARANTEE OF TITLE - A form of title insurance based solely upon
public record disclosures.
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GUARDIAN - A person appointed by the probate court to care for the
person, the property, or the person and property of a minor or an
incompetent person.
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HOMESTEAD - The dwelling in which an owner or head of a family
resides protected to a limited extent from forced sale by a recorded
declaration of homestead.
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