Cloud On Title
A title search and title insurance are generally required by lenders as protection from any third-party claims, or clouds on title, to property that is used as collateral. Title searches and title insurance are required in the mortgage origination process.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
cloud on title — cloud on title: an interest (as a lien) in real property that if valid impairs the owner s title compare quiet Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cloud on title … Law dictionary
Cloud on title — The term cloud on title refers to any irregularity in the chain of title of property (usually real property) that would give a reasonable person pause before accepting a conveyance of title. A cloud on title reduces the value and marketability of … Wikipedia
cloud on title — Any claim or encumbrance, usually discovered in a title search, that may impair the title to a property, and make its validity questionable. Bloomberg Financial Dictionary See: bad title. Bloomberg Financial Dictionary * * * cloud on title ˌcloud … Financial and business terms
cloud on title — An outstanding claim or encumbrance which, if valid, would affect or impair the title of the owner of a particular estate, and on its face has that effect, but can be shown by extrinsic proof to be invalid or inapplicable to the estate in… … Black's law dictionary
cloud on title — An outstanding instrument, record. claim unreleased encumbrance, or defectively executed deed in the chain of title, which superficially renders the title doubtful but is actually illegal or unenforceable for want of equity in enforcement and of… … Ballentine's law dictionary
cloud on title — noun An encumbrance or claim on a title to real property (a deed) sufficient to interfere with title transfer until the problem has been resolved. Although the laws of a State cannot affect the equity jurisdiction of the Circuit Courts, when the… … Wiktionary
cloud on title — a defect in the owner s title to a piece of land arising from a written instrument, a judgment, or an order of court purporting to create an interest in or lien upon the land and therefore impairing the marketability of the owner s title though… … Useful english dictionary
removal of cloud on title — See cloud on title; quieting title … Ballentine's law dictionary
bill to remove cloud on title — See cloud on title … Ballentine's law dictionary
removable cloud on title — A cloud on the title to property which, although apparently valid, is in fact invalid. 44 Am J1st Quiet T § 11. removal. A moving of something. A change of residence. A change of domicil. Barstow v Stone, 10 Colo App 296, 52 P 48. A person s… … Ballentine's law dictionary