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.
is the title clear
If you have a lien it will have to be satisfied at time of sale to clear title.
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.
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.
No! "clear" means clear! No liens!
IS THERE A CLEAR TITLE? Who has the title?
i believe a clear title is where no one has a lien on it.like if you get a loan from the bank to buy a new vehicle they own the title until you pay it off then it's yours free and clear.
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.
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.
An open title on a used car is when someone skips an assignment on the back of the title. This can create many problems. You want to make sure that the car you are buying has a clear title. A Clear Title means there are no issues with the title.
This depends on your state. Most states, that will clear the title, require you to pass a thorough inspection of the car by a state official; or an assigned agent.
3-4 yearsAnother AnswerAs soon as you have clear title to the house, even with a mortgage -- as soon as the purchase is closed -- you can sell the home.