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Title

Title

A legal document that serves as evidence of ownership for a property. It indicates who has the right to possess and use the property and allows for the transfer of ownership through sale or inheritance. Obtaining a clear title is crucial when buying or selling property because it guarantees that there are no disputes or claims to ownership by other parties. A title search is often conducted to ensure that there are no liens, encumbrances, or other issues that could restrict the transfer of ownership. For example, if a property owner has an outstanding mortgage loan, the lender may have a lien on the property, which must be cleared before a clean title can be obtained. Overall, having a clear and valid title is essential in protecting the rights of the property owner and ensuring the smooth transfer of ownership in real estate transactions.
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