Title (property): Difference between revisions

In countries with a sophisticated [[private property]] system, documents of title are commonly used for [[real estate]], [[motor vehicle]]s, and some types of intangible property. When such documents are used, they are often part of a registration system whereby ownership of such property can be verified. In some cases, a title can also serve as a permanent legal record of condemnation of property, such as in the case of an automobile [[junk title|junk]] or [[salvage title]]. In the case of [[real estate]], the legal instrument used to transfer title from one person or entity to another is via the [[deed]]. A famous rule is that a thief cannot convey good title, so [[title search]]es are routine (or highly recommended) for purchases of many types of expensive property (especially real estate). In several counties and municipalities in the US a standard title search (generally accompanied by [[Title insurance in the United States|title insurance]]) is required under the law as a part of ownership transfer.

 

 

A '''[[quiet title]]''' action is a lawsuit to resolve with any [[cloud on title]], such as competing claims or rights to real property, for example, [[missing heirs]], [[tenants]], [[reverter]]s, [[Remainder (law)|remainders]] and [[Lien|lien holders]] all competing to get ownership to the house or land.<ref>{{cite web|url=http://law.enotes.com/wests-law-encyclopedia/quiet-title-action|title=Enotes: West's Law Encyclopedia|website=enotes.com|url-status=dead|archive-url=https://web.archive.org/web/20061121164243/http://law.enotes.com/wests-law-encyclopedia/quiet-title-action|archive-date=2006-11-21}}</ref><ref>{{cite web|url=http://dictionary.law.com/Default.aspx?selected=1707&bold=|title=Legal Dictionary – Law.com|website=Law.com Legal Dictionary}}</ref> Technical problems with title include misspellings, outstanding debt, unrecorded transactions, and any irregularity that might indicate a break in the chain of ownership. Each of the [[United States]] have different procedures for a ''quiet title action''.<ref>For example, [[California]] --[http://www.kinseylaw.com/clientserv2/civillitigationserv/realestate/quiettitle/quiettitle.html quiet title action]</ref>