Opinion Of Title

DEFINITION of 'Opinion Of Title'

A legal opinion attesting to the validity of the title deed to a piece of property. An opinion title is a legal document which can be insured by through a title insurance company.

BREAKING DOWN 'Opinion Of Title'

Opinions of title are usually issued by attorneys. Title companies rely on this opinion in order to issue titles. The attorney puts his or her professional name behind the opinion and stands behind it.

RELATED TERMS
  1. Cloud On Title

    Any document, claim, unreleased lien or encumbrance that might ...
  2. Clear Title

    Also known as "clean title," "just title," "good title" and "free ...
  3. Certificate Of Title

    A state or municipal-issued document that identifies the owner ...
  4. Bad Title

    A title that does not grant ownership to its holder due to unsatisfied ...
  5. Quiet Title

    A lawsuit filed to establish ownership of real estate when ownership ...
  6. Chain Of Title

    The official record of ownership of a property or asset. The ...
Related Articles
  1. Personal Finance

    What's a Special Warranty Deed?

    A special warranty deed is a deed in which the seller guarantees the title only against defects that occurred during his ownership of the property.
  2. Personal Finance

    Getting A Car Title Loan

    This loan-of-last-resort uses your car as collateral and features very high interest rates and fees. Be extremely wary of even considering one.
  3. Personal Finance

    Five Things to Know About Quitclaim Deeds

    If that property you're about to buy has a quitclaim deed, check very carefully before you hand over your cash.
  4. Personal Finance

    Understanding Property Deeds

    We help you figure out the terminology and types of deeds, and how to make it legal.
  5. Personal Finance

    Five Things To Know About Quitclaim Deeds

    General warranty deeds provide the buyer with the most protection; quitclaim deeds provide the least.
  6. Personal Finance

    Attention Home Buyers! Why You Need A Lawyer

    Property transactions are complex and subject to specific state/local rules. A professional can simplify the process.
  7. Personal Finance

    Car Title Loan Limits

    You can usually get 25% to 50% of a car's value - but could pay more in interest than you borrowed if the loan rolls over a lot before it's paid off.
  8. Investing

    Why Companies Welcome an Unqualified Opinion

    An unqualified opinion is an independent auditor’s opinion that a company’s financial statements are fair and accurate.
  9. Personal Finance

    Understanding Property Deeds

    A property deed is an instrument that enables sellers to convey real property to buyers, who become the new owners.
  10. Managing Wealth

    Are Car Title Loans Ever a Good Idea?

    Most people knowledgeable about finance consider title loans predatory. What would constitute a good-quality short-term loan? Here's one idea.
RELATED FAQS
  1. How can I transfer ownership of my home to another individual?

    Can I remove my name from the title on my property? Can it be gifted? I am still maki... Read Answer >>
  2. What do real estate attorneys do?

    Understand the role of a real estate attorney to help you decide if you would benefit from the expertise of this type of ... Read Answer >>
  3. What type of work experience can count towards the work experience required in order ...

    CFA Institute provides a list of job titles that qualify for the work experience an individual must gain to be awarded with ... Read Answer >>
  4. When I exchange foreign currency should I deposit it into a revocable trust or a ...

  5. What will be the tax on the sale of transferred property?

    My sister bought a house valued at $250,000. A year later, she transfers the title of the property to me. I want to live ... Read Answer >>
  6. What is the distinction between Free on Board (FOB) shipping point and destination?

    Find out more about free on board shipping point and free on board destination and the difference between these international ... Read Answer >>
Trading Center