Clear Title
A clear title to property is one that clearly states any obligation in the deed to the property. It reveals no breaksin the chain of legal ownership. After the records of the property have been traced and the title has been found clear, it is sometimes guaranteed, or insured. In a few states, a different system of insuring title of real properties provides for registration of a clear title with public authorities. After this is accomplished, no abstract of title is necessary.
Read more about this topic: Abstract (law)
Famous quotes containing the words clear and/or title:
“The truth is, that common-sense, or thought as it first emerges above the level of the narrowly practical, is deeply imbued with that bad logical quality to which the epithet metaphysical is commonly applied; and nothing can clear it up but a severe course of logic.”
—Charles Sanders Peirce (1839–1914)
“He who, in an enlightened and literary society, aspires to be a great poet, must first become a little child. He must take to pieces the whole web of his mind. He must unlearn much of that knowledge which has perhaps constituted hitherto his chief title to superiority. His very talents will be a hindrance to him.”
—Thomas Babington Macaulay (1800–1859)