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 ?
His extraordinary experience has enabled him to minimize risks of the purchaser through search for liens, encumbrances and title defects.
A portion of her practice is devoted to transactional matters, including negotiating and drafting oil and gas agreements, curing title defects, and performing analysis of ownership rights in surface, mineral, royalty and leasehold estates.
It is important in this case, however, to run a last owner's search to confirm no title defects exist since the date of the existing policy.
He is a frequent speaker and presenter at continuing legal education seminars and has spoken on issues such as recession-related title defects, mechanic's liens, title insurance fundamentals, landlord and tenant law, mediation, and presenting evidence in real estate cases.
Under the terms of the deal, the parties may rescind the transactions, including the issuance of common shares thereunder, upon mutual agreement in the event that Black Dragon elects to terminate the PSA on or before 17 April 2017 due to the assertion by Black Dragon of one or more title defects as determined in accordance with the PSA.
Tenders are invited for The services shall include, but not be limited to; conducting title examinations and preparing title opinions; conferring with central office and district Right of Way staff to address and cure any title defects or issues, including the preparation of any releases documents; performing real estate closings, including the preparation of deeds of conveyance and other necessary closing documents.
Descriptions that don't close, gaps, gores, poorly defined easements, encroachments, estate problems, title defects, and suits to clear title defects are such frequently discussed issues as to each be deserving of an entire article - and thus reserved for another day
Shanghai Pharmaceuticals (Group) indemnifies any additional cost, fee, loss arising from operation and manufacturing suspension (if any) of the relevant units due to title defects.
While on the one hand repossessed properties are often offered for sale at auction without any title defects, there will always be a certain percentage of properties offered for sale at auction which may have title or structural defects.
As most title defects are curable, many times relatively easily, paragraph 4(b) of the conditions and stipulations grants the insurer the right to seek to cure title as one means of discharging its obligations to the insured.
On 19 July 2011 (USA time), Linc Gulf Coast exercised its contractual right to terminate the transaction after notifying ERG of certain alleged title defects identified during due diligence enquiries and closing preparation.
The buyer has advised that, to date, it is unaware of any title defects, though its research is still at an early stage because of the limited access to the title records.