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Joshua H. Morris, a conveyancer in Philadelphia, and several colleagues met on 28 March 1876 to incorporate the first title insurance company to address the issue.The new firm, they stated, would "insure the purchasers of real estate and mortgages against losses from defective titles, liens and encumbrances," and that "through these facilities, transfer of real estate and real estate ...
(Some cars do get issued a paper temporary Pennsylvania plate, usually by those who live out-of-state buying a car in Pennsylvania who need the temporary tag until the vehicle title is transferred to the state they live in.) Until April 2000, new plates had a "T" sticker to denote a temporary tag on the plate until the full-year registration ...
When the vehicle title is lost, the owner on record may replace the lost title by completing an application with the state that issued the current title. Online lost title applications are available for several states including Maine , Wisconsin , Virginia , Michigan , New York , Indiana , Maryland , South Carolina and Massachusetts , as well ...
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The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.
Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality. Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon ...