What is a certificate of title?

A Certificate of Title is a document that verifies ownership of residential real estate in the District of Columbia. It is issued by the local government and serves as legal proof that the person listed on the Certificate of Title is the rightful owner of the property. The Certificate of Title includes a description of the real estate, the name of the current owner, and any restrictions or limitations on the property. The Certificate of Title is an important document that must be obtained before a buyer can purchase residential real estate in the District of Columbia. It is also used to transfer ownership of the property from one person to another, to show proof of ownership when applying for a loan or insurance, or to resolve legal disputes. The Certificate of Title is kept up to date by the local government, and must be renewed when ownership of the property changes. When a buyer purchases a property, the seller is responsible for providing the buyer with a valid Certificate of Title. If the seller does not have a Certificate of Title for the property, the buyer can contact the local government for assistance.

Related FAQs

What is the difference between a real estate appraiser and an inspector?
What is foreclosure by judicial sale?
What is a servitude?
What is the difference between a lease with option to purchase and an option to purchase?
What is the difference between a real estate agent and a real estate broker?
What is a security deposit in a real estate transaction?
What options do I have if I'm facing foreclosure?
How do I protect myself if I discover a defect in a home I am buying?
What rights do I have when buying a home?
What is the difference between a title search and a title insurance policy?

What is a certificate of title?

Related FAQs

Related Blog Posts