DEFINITION of 'Perfect Title'

A title deed for real estate that does not have any liens attached to it. A perfect title becomes so after all liens or other defects have been removed. Perfect titles stand in contrast to quiet titles or cloud on titles.

Perfect titles can also sometimes be referred to as "good titles."

BREAKING DOWN 'Perfect Title'

Most properties are bought and sold with perfect or good titles. It is often necessary to perform a title search to find out the past owners of a property to make sure no other interests in the property exist. Perfecting a title is the process of clearing all prior claims on a title to allow for its sale or assignment.

RELATED TERMS
  1. Cloud On Title

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

    A lawsuit filed to establish ownership of real estate when ownership ...
  3. Opinion Of Title

    A legal opinion attesting to the validity of the title deed to ...
  4. Quiet Title Action

    A circuit court action (lawsuit) intended to establish or settle ...
  5. American Land Title Association ...

    A trade association representing the title insurance industry. ...
  6. Title Insurance

    Insurance that covers the loss of an interest in a property due ...
Related Articles
  1. Personal Finance

    Car Title Loan Requirements

    Here's a list of what you need to qualify for a car title loan. Most important: having sole ownership of your car with no liens.
  2. Personal Finance

    States That Allow Car Title Loans

    Only some states permit car title loans – and those that do may have restrictions. Check this list to see what to expect.
  3. Investing

    Holding Titles On Real Property

    Find out how best to claim and convey ownership on your assets.
  4. Managing Wealth

    Tips For Transferring A House Title

    Transferring a house title can be complicated at times. Here are some guidelines to help you get through the process.
  5. Investing

    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

    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.
  7. Personal Finance

    8 Top Alternatives to Car Title Loans

    Before you sign up for a car title loan, investigate these 8 alternate strategies.
  8. Financial Advisor

    6 Easy Tips for Improving Your Blog's Headlines

    Advisors write great content for their websites or blogs...but saddle them with dull headlines. Here's how to make sure your audience clicks on your post.
  9. Personal Finance

    Mortgage Fees That Can Trash Your Refinance Deal

    Before deciding that refinancing your mortgage at a lower interest rate is a good deal, factor all the fees into your calculations.
  10. Investing

    Understanding The Price Vs. Time Equation

    Price and time generate vastly different reward: risk profiles.
RELATED FAQS
  1. 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 >>
Hot Definitions
  1. North American Free Trade Agreement - NAFTA

    A regulation implemented on Jan. 1, 1994, that eventually eliminated tariffs to encourage economic activity between the United ...
  2. Agency Theory

    A supposition that explains the relationship between principals and agents in business. Agency theory is concerned with resolving ...
  3. Treasury Bill - T-Bill

    A short-term debt obligation backed by the U.S. government with a maturity of less than one year. T-bills are sold in denominations ...
  4. Index

    A statistical measure of change in an economy or a securities market. In the case of financial markets, an index is a hypothetical ...
  5. Return on Market Value of Equity - ROME

    Return on market value of equity (ROME) is a comparative measure typically used by analysts to identify companies that generate ...
  6. Majority Shareholder

    A person or entity that owns more than 50% of a company's outstanding shares. The majority shareholder is often the founder ...
Trading Center