A defective title is a piece of property or asset that has a publicly-recorded encumbrance, such as a lien, mortgage, or judgment. Because other parties can lay claim to the property or asset, the title cannot be legally transferred to another party. For example, a homeowner cannot sell a home if there is an outstanding tax lien on the property. The lien would first have to be cleared before any action can be taken on the property.
Congratulations, Matt and Hailey! I love seeing the progress at the house and can't wait to see it finished!
Ludlow, MA 01056
2 bedroom, 2 bathroom