marketable title


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Marketable title

A clear, reasonably incontestable title to a piece of real estate that is good for transaction purposes.

Marketable Title

Title to real estate where ownership is not disputed and documented so clearly that it is not disputable. Most of the time, property may only be sold if it has a marketable title.

marketable title

Clear title to real estate without any liens,encumbrances,or adverse claims such as would be considered defects. A power line easement is technically an encumbrance, but most would not consider it such an impediment as to prevent marketable title unless the property was zoned for residential use and the power line easement covered so much of the lot that property became unbuildable.

References in periodicals archive ?
Isbell added, "For those assets that don't sell at auction, we provide the additional peace of mind through our 'plus' program of helping make sure those properties are ready to be disposed of by other means by providing clear, marketable title.
Determine that it is not war loot undermining good and marketable title or otherwise criminally obtained.
It is only when the buyer's solicitor is satisfied that the property has a good and marketable title, and the seller is able to vacate on the completion date, that contracts will be exchanged.
29) To avoid this result, marketable title is presumed in all land sale contracts, even if it is not specifically stated,(30) "[M]arketability of title is concerned with impairments on title to a property.
They confirm that the seller has - and the buyer will obtain - marketable title to the acquired company's property.
Even where a contract to purchase specifically provides that a good and marketable title of record is not required, the seller's failure to disclose the pendency of a known claim to title may subject the seller to liability in tort.
Your disposition will not become a marketable title.
The process ensures that your wishes will be carried out, that the right people get your assets according to your will (or the intestacy laws of your state, if you die without a will) and that the people receiving your assets get them with clear, marketable title.
Department of Housing and Urban Development's regulations prohibiting legal restrictions on conveyance and requiring lenders to convey clear marketable title.
Greater Birmingham'", the most internationally marketable title, is unpalatable to many.
Discussion of principles, New York case law and statutes concerning marketable title.