A title that is free of liens and legal questions as to ownership of the property. A requirement for the sale of real estate.
Just title is any title that is free of claims or legal questions by someone else. Such claims can take the form of liens by the IRS, a bank, or a guarantor. Just title is also called “clear title,” “good title,” “perfect title,” and “free and clear.” A property with just title is considered marketable and saleable. Just title is achieved through a title search, generally by a title company, to ensure that a piece of property is claim-free. Just title can be guaranteed through the purchase of title insurance. The presence of just title is a requirement for the sale of real estate, since the lack of it can cause legal problems for the buyer and the mortgage lender.
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This glossary post was last updated: 29th March, 2024.
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