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Subprime Mortgages
Loans granted to borrowers with lower credit ratings due to the perceived higher risk of default, often resulting in higher interest rates.
Quitclaim Deed
A legal document transferring a grantor's interest in a property to a grantee without guaranteeing the title's clearness.
Life Estate
A property interest that lasts for the life of a specific individual, after which the property reverts to the owner or moves to a different designated party.
Warranty of Title
A guarantee provided by a seller that they have the right to sell the property and that it is not encumbered by any undisclosed liens or claims.
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