Property Ownership, Transfer of Title and Land Use 10.2.5

Question 1

With Marketable Title?

Answer 1

There are no serious defects or questions of validity and it does not expose the purchaser to litigation or threaten the quiet enjoyment of the property.

Question 2

Unmarketable Title

Answer 2

Can still be transferred, but its defects may limit or restrict its ownership.

Question 3

is a Deed sufficient to proof of ownership?

Answer 3

No

Question 4

Is evidence of a Marketable Title proof of ownership?

Answer 4

Yes

Question 5

a Certificate of Title

Answer 5

is a statement of opinion of the title’s status as of the date of the certificate based on the title search.

Question 6

A Certificate of Title is imperfect because?

Answer 6

Unrecorded liens, rights of parties in possession, and hidden defects cannot be detected; such as:

Forged deeds

Marital interests

Fraud