What does clean blue Texas title mean?
A clean blue Texas title is one whose title deeds are free and clear of any bankruptcy filings, judgments, tax liens, or other claims that would disqualify it from transferring to a buyer. A title company can verify a property’s clean title. However, the county clerk’s office will not issue a new deed without proof that the title is clean.
What does blue Texas title mean?
A clean title is one that conveys no significant defects in the county clerk’s office or the county deed records. The county clerk’s office is the county’s official records keeper. So, if there are any entry errors, the county clerk’s office would be responsible for fixing it. Likewise, the county clerk’s office oversees the maintenance of the county deed records. When a title is clean, it means the county clerk’s office says it
What does clean blue Texas title mean closed?
If you have a clean blue Texas title, you can get an lien on the property you purchased. This is known as a deed of trust. A deed of trust allows the lender to take control of the property in the event the borrower fails to repay the loan in full. The deed of trust gives the lender the authority to take action against the property, such as sell the property to repay the loan.
What does clean blue Texas title mean in law?
A clean blue Texas title refers to a clean title that was issued by the county clerk in Texas. This title is proof that the property is free and clear of any tax liens. The county clerk’s office is the primary office for county government in Texas and is responsible for issues like tax collection, recording of deeds, and issuing title.
What does clean blue Texas title mean closed in foreclosure?
Closed in foreclosure means that the loan was in default and went into foreclosure. The owner of the property lost their ability to pay the mortgage and the bank or lender took control. The lender can legally take the property and sell it to pay off the debt. Depending on the circumstances, the owner may be able to make a deal with the bank to sell the property for less than the balance owed.
