An as-is clause states the buyer accepts the property in its current condition without seller repair obligations.

The chain of title is the sequence of recorded conveyances establishing present ownership.

A closing statement itemizes the financial terms of a real estate transaction at settlement.

Deed warranties are the seller's promises regarding title quality, varying by deed type.

A due diligence period gives a buyer a defined window to investigate the property and terminate without penalty.

An earnest money dispute concerns entitlement to the buyer's deposit following a failed transaction.

An escrow dispute concerns the release of funds or documents held by a neutral third party pending closing conditions.

Marketable title is title free from reasonable doubt that a prudent purchaser would accept.

Material defect disclosure is the seller's obligation to reveal known conditions substantially affecting value or safety.

A purchase and sale agreement governs a real property transaction, setting price, contingencies, and closing obligations.

A quitclaim deed conveys whatever interest the grantor holds without warranting that any interest exists.

A seller disclosure statement is the statutorily required form reporting known material defects in residential property.

Specific performance compels completion of a real estate transaction, available because land is considered unique.

A title defect is any encumbrance or irregularity impairing marketable ownership of real property.

Title insurance indemnifies against loss from defects in title existing at the policy date.