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conveying title

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See: feoffment


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As part of our due diligence, title companies must ensure that the entity conveying title (the seller) has the legal authority to do so.
57) However, the case is significant because it identifies a potential avenue for owners to avoid CERCLA liability by conveying title before response costs are incurred.
This power has the practical effect of allowing the buyer to use the legal system to "blackmail" the seller into either conveying title to the property at a price agreeable to the buyer, or forcing the seller to pay off the buyer to drop buyer's claim and allow the seller to convey the property to a third party.
 
 
 
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