Cloud On Title

Business, Legal & Accounting Glossary

Definition: Cloud On Title



What is the dictionary definition of Cloud On Title?

Dictionary Definition


n. an actual or apparent outstanding claim on the title to real property. “Clouds” can include an old mortgage or deed of trust with no recording showing the secured debt was paid off, a failure to properly transfer all interests in the real property (such as mineral rights) to a former owner, a previous deed which was improperly written or signed, an unresolved legal debt or levy by a creditor or a taxing authority, or some other doubtful link in the chain of title. Often the “cloud” can be removed by a quiet title action, by finding a person to create or execute a document to prove a debt had been paid or corrected. Title companies will refuse to insure title to be transferred with a “cloud,” or they will insure ownership except for (“insure around”) the “cloud.


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https://payrollheaven.com/define/cloud-on-title/
Modern Language Association (MLA):
Cloud On Title. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 04, 2020 https://payrollheaven.com/define/cloud-on-title/.
Chicago Manual of Style (CMS):
Cloud On Title. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/cloud-on-title/ (accessed: December 04, 2020).
American Psychological Association (APA):
Cloud On Title. PayrollHeaven.com. Retrieved December 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/cloud-on-title/

Definition Sources


Definitions for Cloud On Title are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.