Property Ownership
In Michigan, a 'cloud on title' is best described as:
AA digital encumbrance in electronic land records
BAny claim, lien, or encumbrance that could impair marketable title✓ Correct
CA temporary zoning restriction on the property
DAn unrecorded easement that runs with the land
Explanation
A cloud on title is any outstanding claim, lien, encumbrance, or defect in the chain of title that casts doubt on the owner's clear title and may affect marketability. Clouds must typically be cleared before a sale can close.
Related Michigan Property Ownership Questions
- A Michigan property owner holds a fee simple absolute estate. This means:
- Michigan's Great Lakes shoreline property owners generally have rights up to the:
- In Michigan, a lis pendens filed against a property affects a buyer who later purchases the property by:
- A Michigan property owner in joint tenancy dies. Their interest automatically passes to:
- In Michigan, a prescriptive easement is acquired through:
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- In Michigan, an easement by necessity is created when:
- In Michigan, a time-share arrangement in a resort condominium grants the purchaser:
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