Clear Title
Means that a property is free of any legal encumbrances, such as liens or defects. Basically, it means that the owner has full rights to the property without any outside claims or disputes. This is important because if there are any issues with the title, the new owner will inherit those issues, which can lead to legal battles and financial losses. For example, if the previous owner had unpaid taxes or an outstanding mortgage, the new owner would be responsible for those debts. Additionally, any defects in the title, such as incorrect property boundaries or legal disputes, could make it difficult or impossible to sell the property in the future. In short, a clear title is essential for securing ownership of a home and protecting oneself from financial and legal complications.