Definition
Title is your legal ownership of the property and the right to possess and use it. Clear title is what you want—free from liens and competing claims.
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Title is the foundation of property ownership and represents your legal right to the property. Having clear title means the property is free from liens, judgments, and other encumbrances. Title can be affected by mortgages, liens, easements, and other interests held by third parties. A title search and title insurance help confirm that the seller has the right to transfer clear title to the buyer.
Pro Tip
Protecting your title is crucial for your investment.
Example
The buyer obtained clear title to the property at closing, evidenced by a warranty deed.