Cheri Steele, President
Donna Lee, Title Plant Mgr.

Escrow Officers:
Cheri Steele
Todd B. Steele, Attorney


Abstract (of title)-A condensed history of a title to real estate consisting of a summary of the various links in the chain of title, together with a statement of all liens, judgments, taxes or encumbrances affecting the property.

Adverse possession-Possession inconsistent with the right of the true owner.

Curtsey-  An most states, an estate for life which a husband takes at the death of his wife in one-third of those properties which she owned at the time she died.

Deed-A written instrument duly executed and delivered for the purpose of conveying title to real estate.

Defect of record-Any encumbrance on a title which is made a part of the public record.  Some recorded defects are judgments, mortgages, other liens, easements, etc.

Dower--An most states, an estate for life which a wife takes at the death of her husband in one-third of those properties which he owned at the time he died.

Easement-A Privilege or right of use or enjoyment which one person may have in the lands of another; for example, a right-of-way for utility lines, a Joint driveway, etc.

Encroachment-Trespass; the building of a structure or any improvements partly or entirely intruding upon the property of another.

Encumbrance-Any right to or interest in land which may be held by third parties to the lessening of the value of the '@tle to real estate, such as a judgment, unpaid taxes, other easements, etc.

Equity-The interest or value which an owner has in real estate over and above the debts against it.

General Warranty Deed-  A deed containing a covenant whereby the grantor agrees to protect the grantee against any claimant.

Grantee-The buyer of real estate.

Grantor-The seller of real estate.

Hidden defect-Any encumbrance on a title that is not apparent in the public records; for example, unknown heirs, secret marriages, forged instruments, mental in competency, infancy of a grantor, etc.

Infancy-That state of being wherein a person has not yet reached the age of legal majority- in most states an infant is a person who has not yet reached the age of a18, although in some states the age of majority is still .

Lien-A hold or claim which one person has upon the property of another as a security for some debt or charge.

Mortgagee-The lender under a mortgage.

Mortgagor- The borrower under a mortgage.

Partial interest-Any interest less than a whole; for example, a wife's dower interest, an heir overlooked in the distribution of an estate (partial interests in properties may get down to very small fractions).

Perfecting title-The elimination of all claims made against a title to real estate.

Restriction-A limitation placed upon the use of real estate.  Some common restrictions are set-back lines prohibiting the erection of any part of a building less than a specified number of feet from the street line; an ordinance restricting land to residential use, etc.

Special Warranty Dead --A deed containing a covenant whereby the grantor agrees to protect the grantee against any claims created by the grantor.

Title-The sum of all the facts on which ownership is founded or by which ownership is proved.  Possession, the right of possession and the right of property form a complete title.

Title defect-Any circumstance that adversely affects the right of the whole ownership of property by the owner of record.

Title failure-Any circumstance that defeats the right of whole ownership of property by the owner of record.

Title search-The examination of all the records comprising a history of the title to real estate (see "abstract of title").

Title search fee-The charge made by an attorney or abstracter for performing a title search.



208 E. Anderson
Brownwood, Texas 76801
(325) 643-6666
Copyright 2021 Pecan Valley Title Co. All rights reserved.
Revised: January 6th 2021 .