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:
“Yes.... It became clear that the marriage had irretrievably broken down.”
—Prince Charles (b. 1948)
“And Reason kens he herits in
A haunted house. Tenants unknown
Assert their squalid lease of sin
With earlier title than his own.”
—Robert Bridges (1844–1930)