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:
“For more than five years I maintained myself thus solely by the labor of my hands, and I found that, by working about six weeks in a year, I could meet all the expenses of living. The whole of my winters, as well as most of my summers, I had free and clear for study.”
—Henry David Thoreau (1817–1862)
“Now that the steam engine rules the world, a title is an absurdity, still I am all dressed up in this title. It will crush me if I do not support it. The title attracts attention to myself.”
—Stendhal [Marie Henri Beyle] (1783–1842)