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Aristocrat Title Glossary of Terms

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Glossaries

Term Definition
Prorations

Allocation of property taxes, HOA dues, and other expenses between buyer and seller at closing.

Power of Attorney

A legal document allowing someone to sign on another person’s behalf.

Synonyms - POA
Plat

 A recorded map showing property boundaries, lots, and streets.

Phase I Environmental Report

An initial assessment reviewing historical use and conditions to identify contamination risk.

Payoff

 The amount required to fully satisfy an existing mortgage.

Aristocrat Title provides residential and commercial title and escrow services across Greater Louisville and Southern Indiana with offices in Jeffersonville, Paoli and Prospect, Kentucky.

Office Locations

Jeffersonville Office

Paoli Office

Louisville Office