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Define Certificate of Title in Real Estate
Certificate of Title:
A Certificate of Title is an official document that shows who legally owns a piece of real estate. It is like a birth certificate for a property, proving that someone has the right to buy, sell, or transfer it.
Example:
Imagine you want to buy a car from someone. Before you give them money, you want to make sure they actually own the car and can legally sell it to you. To do this, you would ask to see their Certificate of Title, which would prove that they are the rightful owner of the car.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
A Certificate of Title, oh what a sight!
It shows who owns the land, it's quite a delight!
Like a birth certificate for a home or a store,
Proving ownership forevermore!
So if you want to sell or buy,
A Certificate of Title you'll need to apply.
It proves you're the rightful owner, oh my!
And makes property transfers as easy as pie!