Clear title

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Clear title is a title to a property without lien of levy. If the owner is undisputed and no other party can claim to its ownership (e.g. bank, lender, former spouse). The clear title is important during transactions, as the buyer wants to be sure that the seller is allowed to sell the property.

Professional agents can check whether the title is clear. It cost some money, however reduces risk. In some countries agents are required to check this and are responsible for the results.

See also: absolute title.

References

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