defective title


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defective title

n. an apparent title to real property which fails because a claimed prior holder of the title did not have title, or there is a faulty description of the property or some other "cloud" over it, which may or may not be apparent from reading the deed. (See: defective, defect, chain of title)

References in periodicals archive ?
Mr Hitch specialises in real estate insurance and in niche areas such as rights to light, defective title, restrictive covenant, project specific insurance and investor portfolios.
"They can gather information from police reports and vehicle registration databases to determine if a vehicle has a defective title, was in a serious accident, sold to salvage or was flooded in New Orleans.
165 loss a settlement payment he made after selling certain rights to which he had defective title. A Tax Court majority ruled that the OCD applied to Sec.