A marketable title is one that can be transferred to a new owner without the likelihood that claims will be made on it by another party. The concept is crucial in all real estate transactions because buyers generally expect to receive property to which no one else can lay claim; they do ...
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...
assuming a Winning Bidder does not have notice of any adverse claim (within the meaning of the Uniform Commercial Code as in effect in the State of New York), such Winning Bidder will acquire good and marketable title thereto, free and clear of any liens, encumbrances, equities and claims....