title defect |
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Definition
Legal claim or circumstance that hinders the verification of the title and identification of the true owner of a real property. These defects occur usually when the ownership or transfer of ownership is not properly recorded, or where any lien recorded due to an unpaid obligation was not removed on satisfaction of the obligation.
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title defect is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Real Estate & Buildings subjects.
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http://www.businessdictionary.com/definition/title-defect.html