Ted and Jack are selling their home to Duncan and Gary. Upon the title search, the title company discovers Ted and Jack's home is free of any liens or problems and can be easily sold. Ted and Jack's property holds which type of title?

Question

Social Studies

Alvin Cuevas

11 August, 05:14

Ted and Jack are selling their home to Duncan and Gary. Upon the title search, the title company discovers Ted and Jack's home is free of any liens or problems and can be easily sold. Ted and Jack's property holds which type of title?

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Answers (2)

Know the Answer?

Nikolas Doyle · Answer 1

Answer:Marketable Title

Explanation:Marketable Title is the one which does not posses any reasonable doubt or any sort of threat of litigation or any defect that may make it hard to sell. This means for example selling a house that has no mortgages and everything is on order and paid up.

The tittle becomes unmarketable if the land has not abide by zoning laws or if there are encumbrances.

*Jack's home is free of any liens or problems and can be easily sold * this clearly tells us that Jack's home is marketable.

Damian Pena · Answer 2

marketable title

Explanation:

ted and Jack property holds marketable title as their property is free from any fault and defect and ready to sold. marketable title refer to title given land and property which is free from defect, moreover ready to transfer its ownership to buyer so no other party can claim its ownership.