Cloud on Title

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • claim on title
  • roadblock

Definition of Cloud on Title

  1. A claim on or against the title to a property that could decrease the ability to transfer ownership of the property to a buyer.

Related Terms and Acronyms

  • Examination of Title Definition,
    • A review of public records and title abstracts to determine the chain of ownership of a property.
  • Deed (D) Acronym, Very Important,
    • A document that provides title to property and is filed with a country recorder.
    Used to transfer ownership of assets, often land or automobiles.
  • Lien Definition,
    • A legal hold or claim of a creditor on the property of another.
  • Tax Lien Definition,
    • A claim, or obstacle, to the sale of property because of unpaid taxes. The property's title can't be transferred until liens are paid.
  • Title Definition,
    • Evidence of a person's right to possession ownership of a property.
  • Fee Simple Definition,
    • Outright ownership of real estate, free of any liens or other claims against title.
  • Clear Title Definition,
    • Title not burdened by liens or legal questions.
  • Title Insurance Definition,
    • Insurance that covers title defects and ownership challenges on a property.
  • Title Report Definition,
    • A report that reveals any competing claims, liens, or other problems relating to a property. A title report is required before title insurance will be issued. Also known as a "Preliminary Title Report" or "Prelim."
  • Fee Simple Defeasible Definition,
    • When a person has outright ownership of real estate (free of any liens or other claims against title), but the use of the property is restricted.
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