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Marketable Title
Title which is free from defects which would allow a purchaser to be released from his obligation to purchase.

Market Value
An appraisal term denoting the highest price that a buyer, willing but not compelled to buy, would pay, and the lowest a seller, willing but not compelled to sell, would accept.

Mechanic’s Lien
A lien on real estate which secures the payment of debts due to persons who perform labor or services or furnish materials incident to the construction of buildings and improvement on real estate.

Mortgage
A legal document used to secure the performance of an obligation.