Defective Title


Definition of "Defective title"

Wendell Tankersley
Wendell Tankersley Keller Williams Heritage

Flaw in an otherwise proper title. A title obtained through error or fraud without proper signature or consideration or other improper action. A defective title is null and void having no effect on the original title.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Annual Percentage Yield (APY)

See effective interest rate. ...

Fixing-up Expenditures

Payments made to enhance the appearance and conditions of real estate property. In so doing, the market value of the property should increase. Example ...

Plottage Value

The result of combining two or more parcels of land so that the one large parcel has more value than the sum of the individual parcels. ...

Azimuth

Angle from north or south of a property. When a real estate appraiser does surveying, it is looked at clockwise from north. It may assist in determini ...

Dereliction

(1) Intentional property abandonment or desertion with no hope of returning or recovery. (2) Recovering land from the water as the sea withdraws belo ...

Equity-to-value Ratio

Percent of the purchase price of property to its total appraised value. If a property is appraised at $400,000 and the price paid is $300,000, the rat ...

Popular Real Estate FAQ

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to the existing equity in the home. ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is A Title?

A title is the right of property ownership. ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The ...

How Big Is An Acre?

Wondering how big is an acre?It is common to hear people say that it's almost the size of a football field without both end zones. But sometimes *almo ...

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or \"planned unit development\" (PUD). Unit owners pa ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What are the Benefits of Liability Insurance? How much money can I borrow to buy a home? What is flood insurance? What is a deed? I dont know the zip code of my areas. How do I find an agent that is right for me in my area.