marketable title

Never, I hazard, has such a worthwhile collection of essays been lumbered with a lamer, less marketable title.

Merchantable title and marketable title are synonymous terms.

Sellers only have to tender good and marketable title on the date the conveyance is executed (date of closing).

Although properties sold on tax deeds can be transferred, all financial institutions require a marketable title on property they will be financing.

Liability will be imposed on the seller for breach only if the seller does not have good and marketable title on the date of closing.

Mr. Stehlik said that a dwindling supply of marketable titles in film libraries has brought about a broader range of movies on tape.

If a deed type is not specifically mentioned, "marketable title" may be specified, implying a warranty deed should be provided.

The objective of the title search is to establish clear, marketable title by exposing any outstanding claims prior to transfer of title.

In the absence of an agreement to the contrary, there is an implied undertaking in the contract that the vendor (person selling the property) has a marketable title.

Defining Differences In Titles Q. In owning real estate, what is the difference between legal title, marketable title, and perfect title?

In order for the Deed-in-Lieu of Foreclosure to work, the homeowner must provide a marketable title, free and clear of other mortgages, liens, or other encumbrances.

Marketable title (real estate) is a title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer.

Marketable title does not assume that absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept.

The contract typically provides that on failure of a vendor to deliver good and marketable title, the vendee (buyer) may rescind the contract and recover any deposit.

Generally, Mr. Colavito said, at the time of closing a purchaser of real property is entitled to and must accept a marketable title unless the contract of sale provides otherwise.

It was not possible to raise the necessary capital, or to sell or grant a long lease to developers, where the only marketable title was the life estate of the head of the family.

"Romeo and Juliet" was deemed to be a more marketable title than the album's principal offering the Symphony No. 2, so it appears in huge gold letters, with the symphony listed as if it were a filler.

Because title to property that arises by operation of law is usually contingent upon proof of certain contingencies, and title records may not contain evidence of those contingencies, legal proceedings are sometimes required to turn title that arises by operation of law into marketable title.