Nevada Title Curative

State:
Multi-State
Control #:
US-OG-836
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

How to fill out Title Curative?

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FAQ

These benefits include the right to sell, transfer, or otherwise convey, or further encumber the title to the land/real property. It is settled law that California is a ?lien? and not a ?legal title? theory state when imposing encumbrances/liens against the title of real property.

For example, a title defect could be an undisclosed heir of a previous owner suddenly appearing to make an ownership claim on your land. An encumbrance is a claim made upon the land by someone other than an alleged landowner.

The title and the property cannot be legally transferred until the title defect is resolved. The titleholder must take care of all and any issues. For example, if there are tax liens on the property, the homeowner must pay off outstanding taxes before going through with the sale.

A deed of trust has a borrower, lender and a ?trustee.? The trustee is a neutral third party that holds the title to a property until the loan is completely paid off by the borrower. In most cases, the trustee is an escrow If you don't repay your loan, the escrow company's attorney must begin the foreclosure process.

What Is Title Curative? Title curative is the phrase used to describe several processes used to remedy, or ?cure? a defective title. It applies to ambiguous or erroneous real estate documents and instruments.

In lien theory states, the borrower holds the title to the property. Instead of a Deed of Trust, a Mortgage is recorded in the public record and acts as a lien against the property until the debt is paid off. With a mortgage, a homeowner has both legal and equitable title.

Curative or therapeutic care refers in part to treatments and therapies provided to a patient with the goal of curing an illness or condition. The terms are also used for treatments that delay disease progression even when a cure is not possible.

Clear title is title that has no defects. It is title unencumbered by liens, encroachments, or other impediments that would cut short or curtail the complete and reasonable enjoyment of the entire property.

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Nevada Title Curative