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:
“[Children] do not yet lie to themselves and therefore have not entered upon that important tacit agreement which marks admission into the adult world, to wit, that I will respect your lies if you will agree to let mine alone. That unwritten contract is one of the clear dividing lines between the world of childhood and the world of adulthood.”
—Leontine Young (20th century)
“That title of respect
Which the proud soul ne’er pays but to the proud.”
—William Shakespeare (1564–1616)