Real Estate Terms Glossary
What is a Clear Title?
A clear title refers to a title with no levy or lien from creditors or third parties. In short, a clear title translates into legal ownership. A clear title of a real estate property accounts for undisputed ownership that restricts one or more third parties to make any type of legal claim. Today, a clear title has become crucial in real estate transactions to establish the legal ownership of a property.
Clear Title Examples
Examples of Clear Title include:
- Example 1: Trust
- Example 2: Heirs
- Example 3: Separation
Here is a comprehensive article about the clear title.