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What is a clear title on a home?

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Anonymous

10y ago
Updated: 8/21/2019

A clear title indicates that no other person or other entity has any claim on the property or interest in the property and you are the absolute owner.

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Wiki User

10y ago

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If you have a lien it will have to be satisfied at time of sale to clear title.


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Is the title considered clear if the vehicle is financed through a bank?

A clear title is a title that has no financial obligation against it; therefore a title held by the bank is not a cleared title.


Can a car have a clear title with a lien on it as well.?

No! "clear" means clear! No liens!


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The answer depends on the details. If the grantee, the person receiving title, must get approved for a mortgage then the lender will require a title examination and a clear title. If the transfer is going to a friend or family member with no consideration or is a cash deal, then the grantee may or may not arrange for a title examination. However, anyone taking title to real estate should have the title examined by a professional. They could be taking title to property with existing problems that will become their responsibility otherwise.


I'm getting ready to buy a house. What do I need to know How does title and escrow work?

Do your homework before you buy your first home. Learn what is entailed in "closing" on a home. You want to pay for a title search to ensure you are getting a clear title on the home with no liens, and escrow refers to an agreement for a third party to secure until conditions are met.


What is an open title on a used car?

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How long do you have to own a home before you can sale it?

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