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LSDefine

Simple English definitions for legal terms

chain of title

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A quick definition of chain of title:

Chain of title: Chain of title is a list of all the people who have owned a piece of property over time. It's important because it helps prove who legally owns the property. When someone wants to buy property, they should hire a title company to check the chain of title to make sure the seller really owns it. If there's a problem with the chain of title, the buyer could lose their money and not get the property. Sometimes, people have to go to court to fix problems with the chain of title. People can buy title insurance to protect themselves from problems with the chain of title.

A more thorough explanation:

Definition: Chain of title refers to the historical record of ownership transfers for a specific piece of property. It is important for establishing legal ownership of real estate, vehicles, patents, and other tangible and intangible property. The chain of title is kept in registry systems by state governments and some private companies.

For example, if someone wants to buy a house, they should hire a title company to trace the chain of title to ensure that the seller has valid ownership. If the seller does not have a valid title, the buyer could end up paying for something that they do not legally own.

Discrepancies in the chain of title can lead to legal disputes, and many people buy title insurance to protect themselves from losses due to imperfect titles.

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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