What term describes the process when title changes ownership?

The term that describes the process when title changes ownership is "Conveyance." Conveyance refers specifically to the act of transferring ownership of property from one party to another, and this often involves a formal document such as a deed. This legal process encompasses not just the physical transfer of ownership but also the legal implications and requirements associated with that transfer.

In real estate transactions, conveyance is crucial because it ensures that the new owner has legal claim to the property. Factors such as proper execution of the documents, recording with appropriate local authorities, and title searches often play a role in ensuring that the conveyance process is completed correctly.

The other terms mentioned—transfer, assignment, and endorsement—while related to ownership and property rights, do not specifically encapsulate the legal process involved in changing the ownership title. "Transfer" is a broader term that can apply to various forms of transferring rights or ownership but lacks the legal nuance of conveyance. "Assignment" typically refers to the transfer of rights or interests under a contract rather than ownership of property itself. "Endorsement" is a term often applied in the context of checks or documents, indicating approval or support but not specifically related to real estate ownership. Thus, conveyance is the most precise term for