
Clear Title:
A title free of any clouds, liens, or other possible interests against it.
Color of Title
A fake title that appears to be good but is not in reality. Cloud on the title- An outstanding claim or encumbrance that, if valid, would affect or impair the owner's title.
Chain of Title
A history of conveyances and encumbrances affecting a title from the time that the original patent was granted, or as far back as records are available.
Abstract of Title
A historical summary of all of the recorded instruments and proceedings that affect the title to property. Title insurance- An insurance policy that protects the holder from loss sustained by defects in the title.
Title Report
A document indicating the current state of the title, such as easements, covenants, liens, and any defects. The title report does not describe the chain of title.
Title Search
An examination of the public records to determine the ownership and encumbrances affecting real property.
Transfer Tax:
A tax paid upon the passing of title to property or to a valuable interest.
Zoning:
A legal mechanism for local governments to regulate the use of privately owned real property by specific application of police power to prevent conflicting land uses and promote orderly development. All privately owned land within the jurisdiction is placed within designated zones that limit the type and intensity of development permitted.
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