WebMay 2, 2024 · A clear title is a vital factor in real estate transactions. It means that there are no outstanding mortgages, liens, judgments, claims, or other encumbrances against the property. If an owner of a home has a … Webthe property may face challenges and doubt as to his or her true ownership. When the title to a property is unclear, an owner cannot properly sell the property, nor can he or she …
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WebDec 20, 2024 · A single individual or multiple individuals/entities, such as a married couple or a corporation, can possess title to a property. The title must be clear to transfer a property from the grantor to the grantee. A clear title is free of undisputed claims of ownership, which means it doesn’t have debts, liens, back taxes, or other creditor claims. WebApr 21, 2024 · Satisfy Your Debt: This is the most straightforward option. Once you have paid off the balance of your debt, in full, you can file a Release of Lien form. This acts as evidence that the debt has been paid and will effectively remove the lien from your property. Each jurisdiction has its own specific requirements regarding the process, so … bissell crosswave wet dry vacuum parts
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WebSep 23, 2024 · In some cases, as with a tax lien, the seller can clear the title by using some of sale proceeds to pay the outstanding tax bill. Depending on the buyer’s level of interest, paying off the... WebAug 22, 2024 · Try Rocket Lawyer FREE for 7 days. Start your Premium Membership now and get legal services you can trust at prices you can afford. You’ll get: All the legal documents you need—customize, share, print & more. Unlimited electronic signatures with RocketSign ®. Ask a lawyer questions or have them review your document. WebMay 14, 2024 · Having a clear title means that whoever is listed on the title is the legal owner of the property, and there are no liens or encumbrances associated with the property. A clear title allows for the property owner to sell their property without issue. The terms “free and clear title,” “clean title,” and “good title” are also used to mean … bissell crystal springs carpet cleaner