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  2. What is a clear title? How to check if a property has one - AOL

    www.aol.com/finance/clear-title-check-property...

    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 ...

  3. Tax sale - Wikipedia

    en.wikipedia.org/wiki/Tax_sale

    A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...

  4. Investing In Tax Liens: Weighing the Risks and Rewards - AOL

    www.aol.com/investing-tax-liens-weighing-risks...

    Local governments issue tax lien certificates for properties whose owners have unpaid property tax debt. Investors purchase the certificates to satisfy the debt, and then collect the back tax, with...

  5. Title search - Wikipedia

    en.wikipedia.org/wiki/Title_search

    A foreclosure guarantee is a type of report (e.g. trustees sale guarantee, judicial foreclosure guarantee and litigation guarantee) that is used mainly for foreclosing an encumbrance (or a lien) in a certain property. The title searcher will perform a full coverage search to the property in default and a search for the addresses of the lien ...

  6. Deed in lieu of foreclosure - Wikipedia

    en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

    The lender will likely not want to assume the liability of the junior liens from the property owner, and accordingly, the lender will prefer to foreclose in order to clean the title. In order to be considered a deed in lieu of foreclosure, the indebtedness must be secured by the real estate being transferred.

  7. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    This process involves the sale of the property by the mortgage holder without court supervision (as elaborated upon below). This process is generally much faster and cheaper than foreclosure by judicial sale. As in judicial sale, the mortgage holder and other lien holders are respectively first and second claimants to the proceeds from the sale.

  8. Free and clear - Wikipedia

    en.wikipedia.org/wiki/Free_and_clear

    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.

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