Title Defect

Definition

• A legal claim made by an external party against the property or the right of another party to make demands upon the property owner.

Synonyms
imperfection, title fault

Related Terms and Acronyms

• Distress — Definition,
  • The right of one party to sell real or personal property belonging to another party to pay unpaid or overdue debt.
• Distressed Property — Definition,
  • Property that is in poor condition, or whose owner is in poor financial condition.
• Insurable Title — Definition,
  • A title that can be insured.
• Lien — Definition,
  • A legal hold or claim of a creditor on the property of another.
• Title Insurance — Definition,
  • Insurance that covers title defects and ownership challenges on a property.