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:
“Harry Morgan: Walk around me. No, go ahead. Walk around me, clear around. Do ya find anything?
Slim/Marie Brown: No, no Steve. There are no strings tied to you. Not yet.”
—Jules Furthman (1888–1960)
“Greatness is a light-hearted title for theatrical entertainments. Or a definition endowed on men too long dead to know that it’s been awarded.”
—Arthur Ross. Leslie (Tony Curtis)