Title
Title is the ownership you buy when you purchase property. Lenders require clear "title" to the property before they release mortgage funds. Any issues or concerns about the property's title — fraud, survey errors, municipal work orders, zoning violations and encroachments — found through the lawyer's title search must be resolved before closing. Mortgages are "registered against title" or "registered on title" to protect the lender's financial interest in the property.