Clear title

Clear title is the phrase used to state that the owner of real property owns it free and clear of encumbrances. In a more limited sense, it is used to state that, although the owner does not own clear title, it is nevertheless within the power of the owner to convey clear title. For example, a property may be encumbered by a mortgage. This encumbrance means that no one has clear title to the property. However, standard terms in a mortgage require the mortgage holder to release the mortgage if a certain amount of money is paid. Therefore, a buyer with enough money to satisfy both the mortgage and the current owner can get clear title.

This real estate article is a stub. You can help Wikipedia by expanding it.v · Categories: Real property law Legal term stubs Real estate stubs Wikimedia Foundation. 2010. Игры ⚽ Нужен реферат? Chang Cheh Guillermo Posadas Look at other dictionaries: clear title — see title Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. clear title n. A title f …   Law dictionary Clear Title — Also known as clean title, just title, good title and free and clear title. A clear title is a title without any kind of lien or levy from creditors or other parties and poses no question as to legal ownership. For example, an owner of a car with …   Investment dictionary clear title — Good title; marketable title; one free from incumbrance, obstruction, burden, or limitation. Frank v. Murphy, 64 Ohio App. 501, 29 N.E.2d 41, 43. Syn clear title, good title, merchantable title, marketable title, are synonymous; clear title… …   Black's law dictionary clear title — Good title; marketable title; one free from incumbrance, obstruction, burden, or limitation. Frank v. Murphy, 64 Ohio App. 501, 29 N.E.2d 41, 43. Syn clear title, good title, merchantable title, marketable title, are synonymous; clear title… …   Black's law dictionary clear title — Title to ownership that is untainted by any claims on the property or disputed interests, and therefore available for sale. This is usually checked through a title search by a title company. Bloomberg Financial Dictionary …   Financial and business terms clear title — Good title; a legal and equitable title to land free from litigation, grave doubts, and palpable defects. Veselka v Forres (Tex Civ App) 283 SW 303, 306; a title free from material defects; a merchantable or marketable title. 30 Am J2d Exch § 23 …   Ballentine's law dictionary clear title — /klɪə taɪt(ə)l/ noun title to property without any charges or other encumbrances …   Dictionary of banking and finance clear title — noun full ownership of something, usually land, that is free of any encumbrances …   Wiktionary clear title — property that is free of liens, property that does not have mortgages against it (Legal) …   English contemporary dictionary title — ti·tle n [Anglo French, inscription, legal right, from Old French, from Latin titulum inscription, chapter heading, part of the law that sanctions an action] 1 a: the means or right by which one owns or possesses property; broadly: the quality of …   Law dictionary 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”