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What is a clear title on a home?
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.
What is the purpose of a title search?
To determine the owner of the property, the liens on the property and the judgments against the owners that may attach to the property. It is done to assure the buyer and/or the lender that the title is clear and marketable.
What are liens on property owner in an association?
Liens cloud the title to the condominium, meaning that the property owner owes a debt based on that property which must be paid in order to clear the title. Liens are also public record and may appear on owners' credit reports.
What is free title means?
"Free title" typically refers to the ownership of property without any liens, encumbrances, or legal claims against it. This means that the title is clear and unchallenged, allowing the owner to sell, transfer, or utilize the property without legal complications. In real estate, having a free title is essential for ensuring a smooth transaction and clear ownership rights.
If a person dies without clear title can her heirs inherit her property?
The heirs can only inherit what the decedent owned. If she didn't have clear title then you won't inherit clear title. At some point the title will need to be cleared up. That will be whenever you wish to sell or mortgage the property.
What is a petition or motion to clear title to real property?
That would be an action to quiet title.
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.
What is a title on a home?
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.
What do you need to do to get a loan against your car?
A clear title for that car.
How do you find out if your property has clear title without having to pay for it?
A professional title examiner who has an extensive legal background after years of preparation must examine the property records according to the standards set in your state in order to determine if the title to your property is free and clear of any defects. No one works for free.
Can a home owners association file a lien against your personal name or just your property?
Read your governing documents to determine whether you are personally liable for what you owe the association, or not. In any event, having a lien filed against the title for property you own will probably be noted on your credit reports, so you are implicated personally in that way when the lien is filed against the property.
What is the status of a property title the full faith and credit clause?
Recognized in all states
