Bad Title
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title to property that does not clearly confer ownership.
Most frequently applied to real estate, a bad title may prevent a homeowner from selling the property. Title may be clouded by unpaid taxes or other unsatisfied liens, a faulty or incomplete certificate of occupancy, an incorrect survey, or uncorrected building violations, among other causes. Steps must be taken to rectify these problems before title to a property can be legally transferred. Also called cloud on title.
Most frequently applied to real estate, a bad title may prevent a homeowner from selling the property. Title may be clouded by unpaid taxes or other unsatisfied liens, a faulty or incomplete certificate of occupancy, an incorrect survey, or uncorrected building violations, among other causes. Steps must be taken to rectify these problems before title to a property can be legally transferred. Also called cloud on title.
| Bad Delivery, Bad Debt | |
| Bailout Bond, Baked In The Cake |
Barron's Real Estate Dictionary:
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Bad Title
A condition where complete real estate ownership is impaired by unsettled claims and liens and may prevent an owner from selling.
See cloud on title .
Example: Causes of bad title include unpaid taxes, unpaid liens, incorrect survey, building code violations, and forged documents.
See cloud on title .
Example: Causes of bad title include unpaid taxes, unpaid liens, incorrect survey, building code violations, and forged documents.
| Backup Contract, Backfill | |
| Balance, Balance Sheet |
Barron's Law Dictionary:
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Bad Title
One which is legally insufficient to convey property to the purchaser, 36 N.Y.S. 668, 671; a title which is not a marketable title is not necessarily a bad title, 4 App. D.C.
283, 287, but a title which is bad is not marketable and is one that a purchaser may not be compelled to accept.
283, 287, but a title which is bad is not marketable and is one that a purchaser may not be compelled to accept.
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Copyrights:
Barron's Finance & Investment Dictionary
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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