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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
[] Determine that it is not war loot undermining good and marketable title or otherwise criminally obtained.
Some say the buyer's attorney cannot provide it because the seller is obligated under most real estate sales contracts to provide a title insurance commitment as evidence of marketable title. Others argue that the lender's attorney cannot issue the policy because it is relied upon by other transaction principals who are not clients of the lender's lawyer.
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.
Currently, the seller's obligations are the following: (1) to provide "marketable title thereto in fee simple, free from encumbrances and defects[,]"(104) and (2) "to take affirmative action to convey a marketable title according to his contract of sale, and therefore, under the usual contract of sale, [to undertake] to pay off items that are concededly liens upon the property."(105)
They confirm that the seller has - and the buyer will obtain - marketable title to the acquired company's property.
Where an agreement for the purchase of real property does not specify the character of title, the seller is required to furnish good and marketable title. 44 FLA.
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.
If the property is sold within six months of the receipt of marketable title, the claim is for the unpaid principal balance (UPB) minus net sales proceeds.
"Greater Birmingham'", the most internationally marketable title, is unpalatable to many.
Indeed, "The Kung Fu Kid" would have made a more accurate if less marketable title, as Mr.