Examlex
Components of Chi's intervention plan include…
Quitclaim Deed
A legal instrument used to transfer interest in real property from one person or entity to another, without any warranty of title.
Warranty of Title
A guarantee in a sales contract that the seller has the legal right to transfer ownership and that there are no undisclosed liens or encumbrances on the property being sold.
Right of Redemption
A legal right that allows a borrower to reclaim their property after it has been sold at foreclosure by paying off the full debt amount, plus additional costs, within a specified timeframe.
Entire Debt
The total amount owed by a debtor, encompassing all outstanding obligations, not just a portion or installment.
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