An acronym for ownership and encumbrance. An O&E is a limited search of record title for a parcel of real property. One requesting an O&E will receive a copy of the last deed in the chain of title and pertinent pages of mortgages that have not been discharged. An O&E may involve a name search, in which case proffered documents would include copies of non-consensual liens (e.g., judgments, tax liens) against the grantee named in the last deed. An O&E does not involve a full search of the chain of title, nor does it involve an examination of the proffered documents. Compare title insurance commitment.

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