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For example, in Ohio, a vehicle owner who wishes to sell a car that has an ELT must first have the lien released by paying the lienholder the remaining amount owed on the lien. The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the Ohio BMV on the following business day. Some ...
Clear title means that the title to a property doesn’t have any liens or other issues attached to it. It’s about ownership, and who does — or does not — have a claim to legal ownership on ...
In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1] A title search is also performed when an owner ...
Title insurance policies typically cost .67% of the property’s sale price, according to the American Land Title Association (ALTA). The total costs of a title insurance premium, settlement ...
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Joshua Morris, a conveyancer in Philadelphia, and several colleagues met on March 28, 1876, to incorporate the first title insurance company. The new firm, Real Estate Title Insurance Company of Philadelphia, would "insure the purchasers of real estate and mortgages against losses from defective titles, liens and encumbrances," and that ...
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