This form is a preliminary opinion on the state of title for a given piece of real property describing whether or not the title is clear and marketable or whether it is encumbered.
Title Opinion Format
Category:
State:
Alabama
Control #:
AL-016-08-CP
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Alabama Title Opinion Letter - Preliminary?
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FAQ
Hear this out loud PauseA title opinion is a document in which a lawyer gives their opinion on the ownership of a property. The lawyer will base this on property records, as well as information in the current title.
Hear this out loud PauseA title opinion is the written opinion of an attorney, based on the attorney's title search into a property, describing the current ownership rights in the property, as well as the actions that must be taken to make the stated ownership rights marketable.
A good title informs the reader accurately about the contents of the article. The main responsibility of a title is to explain what the article is about without misleading or establishing wrong expectations. Make sure it doesn't include anything that your reader won't be able to find in the paper.
Attorney opinion letters may appear to be a cost-effective alternative to title insurance for those who are looking for a more personalized analysis of a property's title status. However, they should not be relied upon as a guarantee of a clear title and do not provide the same level of protection as title insurance.
Hear this out loud PauseDefinition: Executed by an attorney who has studied the abstract of title, it will list any defects or clouds on the title and includes the attorney's opinion of whether the seller has a marketable title. Also called an opinion of title.