Title Defect

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Title Defect

Something that prevents a title to a property from being a clear title. That is, a title defect is a situation in which there may be a legitimate, contrary claim to the true ownership of the property. A title defect can prevent the sale of a property. See also: Title search, Title insurance, Quitclaim deed.
References in periodicals archive ?
6] Stewart Title argued that the courts in Synergism and Cocoa Properties had made no comment whatsoever on the nature of the title defects involved in each case, but rather focused on the result of the litigation effort on the part of the title companies to cure them.
Samson also continues to work on resolving the title defects identified by the Buyer relating to the remaining 1,056 acres subject to the purchase agreement, but it is uncertain at this time as to how many of those defects can be cured prior to the second closing.
The firm has assisted private property owners and governmental agencies in litigation for eminent domain, environmental contamination, construction and title defects, taxation and foreclosure litigation.
The group handles issues that arise from title defects and related claims, environmental problems, successor-developer issues, lender-liability claims, and litigation arising in connection with distressed assets.
org, which provides easy-to-understand information about the closing process and explains the purpose of title insurance including the process of the title search and repairing title defects.
Hilgendorf brings his unique expertise to structuring commercial and residential real estate transactions, landlord/tenant issues, quieting title defects, creditor's rights, bankruptcy issues, and navigating real estate disputes over contracts, boundaries, ownership, easements, and other real property interests.
We are typically responsible for curing any title defects at our expense.
And, reduced risk for the consumer translates into: confidence in knowing that their property is free from title defects, eliminating time and costs associated with perfecting the title to their property; identity theft; or the possibility of missed liens or encumbrances.
com, which provides an overview of the closing process and explains the purpose and role of title insurance including the process of searching and examining title and repairing title defects.
The significant effort undertaken to discover and rectify title defects means that most of the title insurance premium goes to cover the costs related to core services in the examination and closing of a title transaction, while only a relatively small portion of the premium goes to covering claims.
5 million of non-refundable earnest money, completion of the transaction remains subject to the absence of any materially adverse title defects and satisfaction of other customary closing conditions.