Cloud On Title
Also called a title defect. Any claim, lien, or encumbrance which, if valid, may impair the owners title to the property. This cloud does not hinder transfer of ownership on the property, but may reduce its market value. See also quitclaim deed.
Popular Real Estate Terms
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The American Institute of Real Estate Appraisers, in short, the AIREA, or the Appraisal Institute as it is known nowadays, is an institute that aims to advance professionalism in the real ...
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Time period in which one may carry out a lien on property. ...
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