Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

good and merchantable abstract of title

Read a random definition: age

A quick definition of good and merchantable abstract of title:

A good and merchantable abstract of title is a summary of the history of a piece of land that includes all the important information about who owns it, any debts or liens on it, and any other factors that could affect its value or ownership. It is usually prepared for someone who is buying or mortgaging the property. A good and merchantable abstract of title shows that the property has a clear and marketable title, which means that there are no issues that could prevent the buyer from owning or selling the property in the future.

A more thorough explanation:

Definition: A good and merchantable abstract of title is a concise statement that summarizes the history of a piece of land, including all conveyances, interests, liens, and encumbrances that affect title to the property. It is usually prepared for a mortgagee or purchaser of real property. This type of abstract of title shows clear, good, and marketable title, rather than just the history of the property.

Examples:

  • When John wanted to buy a house, he asked for a good and merchantable abstract of title to make sure there were no issues with the property's ownership.
  • Before approving a mortgage, the bank required a good and merchantable abstract of title to ensure that the property had a clear title.

These examples illustrate how a good and merchantable abstract of title is used to provide a summary of a property's ownership history and ensure that the title is clear and marketable. It is an important document for anyone buying or financing real estate.

good and lawful fence | good and valuable consideration

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.