Clear up title in CWK

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How to clear up title in CWK

5 out of 5

24 votes

hi Iamp;#39;m Darcel Lobo I own Dow law firm in Normandy Park and here to talk to you today about title issues on real estate in Washington State now Iamp;#39;m an attorney and a big part of my practice is helping clients dealing with title issues most commonly itamp;#39;s a house seller whoamp;#39;s getting ready to sell a house the title report is ordered by the real estate agent and everyone realizes thereamp;#39;s some type of red flag on title that has to be resolved sometimes Iamp;#39;m contacted by the title insurance companies but most commonly is either the real estate agent or the house seller whoamp;#39;s contacting me to get help in resolving the issue so letamp;#39;s go over a few scenarios where you may need help with a title issue so most commonly I would say is when someoneamp;#39;s passed away maybe itamp;#39;s someoneamp;#39;s spouse whoamp;#39;s passed away maybe itamp;#39;s someoneamp;#39;s parents whoamp;#39;s passed away and theyamp;#39;re entitled

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What is meant by clear title?

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.

How important is a clean title?

If you decide to sell your car in the future, a clean title improves its resale value. Buyers want a vehicle with a clean title, and theyll pay more for it. Loan approval. When financing a vehicle purchase, lenders often require a clean title as collateral for the loan.

What does no clean title mean?

A vehicle with little-to-no damage has what is referred to as a clean title. A clean title is simply a title that an insurer or state has never changed. Its not another type of branded title; it simply means that the vehicle has never been deemed a total loss.

What is a clear and marketable title to real 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.

What is the difference between a clear title and a marketable title?

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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