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In real estate, clear title and clean title are used interchangeably to refer to a home title that is free of liens or other issues. Yes, it’s possible to buy a home without clear title, but it ...
Clear title is the phrase used to state that the owner of real property owns it free and clear of encumbrances. In a more limited sense, it is used to state that, although the owner does not own clear title, it is nevertheless within the power of the owner to convey clear title. For example, a property may be encumbered by a mortgage. This ...
The objective of the title search is to establish clear, marketable title by exposing any outstanding claims prior to the transfer of title. The process of resolving any issues on the title is known as "clearing the title." [2] Each recorded document must name the parties involved, e.g., grantor and grantee.
In June 2023, the Maricopa County Recorder's Office launched Maricopa Title Alert. [10] This program monitors recorded documents in Maricopa County and alerts subscribers if a document is recorded in a specific individual's name and/or business name. There are currently over 45,000 individuals signed up for this free service. [11]
2.2 First American Title Insurance and Trust Company (1960–1968) 2.3 The First American Financial Corporation (1968–2000) ... 19,597 [2] (2021) Website:
Closing costs are fees paid at the closing of a real estate transaction. This point in time called the closing is when the title to the property is conveyed (transferred) to the buyer. Closing costs are incurred by either the buyer or the seller.
In property law, the term free and clear refers to ownership without legal encumbrances, such as a lien or mortgage. [1] For example: a person owns a house free and clear if he has paid off the mortgage and no creditor has filed a lien against it.
The high costs of title loans also may outweigh the initial access to cash. Rates equivalent to 300 percent are not uncommon, according to Experian . Consider some alternatives to title loans that ...