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A deed is a legal document that transfers ownership of real property from one party to another. It includes details about the property and must be signed and notarized to be valid.

A short sale occurs when a homeowner sells their property for less than the amount owed on the mortgage, with the lender's approval. This can help avoid foreclosure and minimize losses for both parties.

A condo, or condominium, is a type of residential property where individuals own their units but share common areas and amenities with other residents. Condos are often found in multi-unit buildings.

Foreclosure is a legal process in which a lender takes possession of a property due to the owner's failure to make mortgage payments. This often results in the property being sold at auction to recover the outstanding debt.

Equity refers to the difference between the market value of a property and the amount owed on any mortgages or liens. As homeowners pay down their mortgage, their equity in the property increases.

A lease is a legal agreement between a landlord and tenant that outlines the terms of renting a property. It specifies the duration of the rental, payment terms, and responsibilities of both parties.

A title search is a process that examines public records to verify a property's legal ownership and identify any liens or claims against it. This ensures that the seller has the right to sell the property and that the buyer receives clear title.