Color of title is a deed or other instrument that is obviously defective on its face and would not cause a reasonably prudent person to inquire as to the status of its title. This term is associated with adverse possession. Color of title is not clear title. A clear title means the prope...
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towing, or storage, and the bill remains unsettled, the lien allows the establishment to sell the vehicle to cover the outstanding payment. Notably, this process also wipes out any prior liens on the vehicle, regardless
The affidavit must contain personal information on the seller as well as statements regarding the suitability and status of the property. If there is a lien on the property, the seller may choose to satisfy the lien requirements to have the title re-issued and "cleaned". Most states and ti...
The meaning of CLOUD ON TITLE is an interest (as a lien) in real property that if valid impairs the owner's title.
Quiet Title Definition and Legal Meaning On this page, you'll find the legal definition and meaning of Quiet Title, written in plain English, along with examples of how it is used. What is Quiet Title? (n) When a person is holding Quiet title to a property the risk of legal action ...
Municipal Lien Search Research Paper Even the most exhaustive title search is limited to a property’s recorded liens. It will not reveal municipal debts or liens against the property, which will need to be resolved prior to closing. Furthermore, if they come to light after closing, unrecorded...
Alenderwill often hold the title until the obligation has been satisfied, at which point the lien is released and the certificate of title will be sent to the owner. Take automobile loans, for example. If you purchase a new SUV and the dealerfinancesyour loan, it will hold the title unti...
Here's how it works: The borrower provides the vehicle title as collateral for the loan . The lender places a lien on the car title . The borrower retains possession of the vehicle and can continue driving it throughout the loan term . ...
exchange for quick cash. Instead of having to wait weeks for approval from banks or other traditional lenders, you could have your funds within hours if approved by the lender. You don’t even have to give up your vehicle; simply hand over your lien-free car title until you repay the ...