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:
“Boredom is not an end-product, is comparatively rather an early stage in life and art. You’ve got to go by or past or through boredom, as through a filter, before the clear product emerges.”
—F. Scott Fitzgerald (1896–1940)
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—Edgar Allan Poe (1809–1849)