Clear up title in 1ST

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Aug 6th, 2022
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How to clear up title in 1ST

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this is Dave at titlesearch.com this video weamp;#39;re going to talk about how to tell if a property has a clear title or not what a clear title means to most people is whether there are encumbrances on the title or on the history of that property which would affect making a decision about either taking an ownership interest or any other type of interest in that property for example a lean on a property would be one type of an encumbrance that would make thep property not clear for a particular person other types of Records may be mortgages easements uh may also even be items such as encroachment so how do you know if a property has a clear title to start with get a property title search the property title search will list out all of the items which may affect the property what would make a clear title for one person may be different from another for example a property may have an easement on it which is a known easement for say a power power line to transfer uh you know electricity

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A clear title is a title without any type of lien or levy from creditors or other parties that would pose a question as to legal ownership. For example, an owner of a home with a clear title is the sole undisputed owner, and no other party can make any kind of legal claim to its ownership.
A clear title, also known as a clean title, is a property title that is free from liens or additional issues that could jeopardize ownership, such as boundary disputes (encroachments) or easements. With a clear title, theres no doubt who the owner of the property is, or who can claim legal ownership of the property.
A clear and marketable title shows the property is free from legal claims that could burden the title of the buyer. Common title issues and defects can include simple clerical errors affecting public records, unresolved property taxes, claims by previous owner or owners, or joint tenancy issues.
Generally, all marketable title is insurable, but not all insurable title is marketable. Marketable title exists when a reasonably prudent purchaser, knowing all of the facts, would be willing to purchase the property. Marketable title is free of encumbrances and defects and is reasonably believed to be valid.
Marketable title is a concept in property law referring to a title free from any claims or disputes about the ownership, or from any threat of litigation. When a seller is selling property to a buyer, an implied promise is that the seller will deliver marketable title to the buyer.
Title searches in New York usually take anywhere from 24 to 72 hours. The timeframe can vary depending on the specific information youre looking for, how far back we need to search, and if your title search is in a remote county that is rarely visited.
In Massachusetts real estate transactions, a seller should be able to transfer good, clear, and marketable title to a buyer. Clear and marketable title means that there are no defects, encumbrances, liens, or the possibility of litigation associated with the property.
A clear title is a title without any kind of impairment, lien, or levy from other parties that poses no question as to legal ownership. A marketable title is a title that is free and clear of any defects or clouds that a reasonable buyer would find objectionable.

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