What is a Marketable Title?

photo of real estate contractWhen property is sold, Title is transferred from the current owner to the new owner.

A Title that is marketable is free from any encumbrances or defects.

Some examples of defects or encumbrances are unpaid mechanics liens, judgments, unpaid taxes, or deed restrictions that impact the use or value of the property.

A Title search should be done before closing to insure that everything is in order.

© AskConny.com