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A title is a legal document that establishes ownership of a vehicle, serving as a vital vehicle title document for property. The types of titles include ownership titles that confirm possession, security titles that indicate a lien on the vehicle, and certificate titles that provide proof of ownership. Knowing the different types of titles allows you to better navigate the complexities of vehicle ownership and ensure you possess valid documentation.
The most common types of vehicle titles are "clear" (no loans or liens against them), "lienholder" (you're financing a car and the lender is listed on the title), and "electronic" (in states moving to paperless title systems).
Certificate of Title - Example Document Purchaser(s) Name ? All purchasers' names should be recorded. ... Purchaser(s) Address ? The physical address of the purchaser should be recorded. Date of Sale ? The sale date must be recorded as month, day, and year. ... Model ? Should be recorded.
?A transfer of immovable property by way of sale can only be by a deed of conveyance (sale deed). In the absence of a deed of conveyance (duly stamped and registered as required by law), no right, title or interest in immoveable property can be transferred.
A title deed is a legal document that outlines the inheritance, ownership, transfer, or allocation of the property by a government body. It contains details on a person's ownership rights or the amount of land they own. Title deeds are used to transfer a person's ownership rights over land to another person.
A branded title indicates that a car was once declared a total loss or comes with some other major problem. Cars with branded titles have been repaired or rebuilt and sold. A branded title can mean the car was damaged in a flood, its odometer was rolled back, or it was involved in a major accident.