Abstract (law) - Clear Title

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)

    I wish not to be given a title or an appointed position. I can and will do more good if I were made a Federal Agent at Large, and I will help best by doing it my way through my communications with people of all ages. First and Foremost I am an entertainer but all I need is the Federal Credentials.
    Elvis Presley (1935–1977)