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[-] Source of Title ... a term of art? - Ron Meharg/GA (5 replies)
6/8/2007 8:26:29 AM (3428 views)
Re: Source of Title ... a term of art? - Scott Perry/PA
6/8/2007 9:05:20 AM (5244 views)
Re: Source of Title ... a term of art? - Robert Franco/OH
6/8/2007 11:51:15 AM (5126 views)
Re: Source of Title ... a term of art? - Ron Meharg/GA
6/8/2007 12:52:08 PM (5081 views)
Re: Source of Title ... a term of art? - Tamara Henderson/GA
6/11/2007 8:28:17 AM (5220 views)
Re: Source of Title ... a term of art? - Jeanine Johnson/FL
6/19/2007 9:00:05 PM (5313 views)

SOURCE OF TITLE  in many states refers to a document defined under state Marketable Title Acts that have been enacted in almost half of the 50 states, Some  statutes are titled "Marketable Record Title Act (MARTA)" The Acts statutorily remove title defects of ancient origin, and act as a statute of limitation to clear the public record of old property rights that cloud title. 

Many interests of ancient origin, are liable to extinguishment unless appropriate measures are taken by their holders or claimants to place a claim of their  interests on the recent records. The Acts also establish procedures for recording notice of any interest prior to the period prescribed for the record search. They tend to  vary by state in:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

  • The property interests that are extinguished under the Act
  • The periods of limitation (up to 60 years)
  • The periods of time required for recording notices of a claim
  • The exceptions contained in the acts (for government rights, churches, etc.) 

I believe the following states have marketable title acts Colorado, Connecticut, Florida, Kansas, Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, South Dakota, Utah, Vermont, and Wyoming. (There may be others as well)

 

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[+] How would you charge this... - J Nisonger/CA (4 replies)
6/7/2007 11:16:58 PM (3382 views)

[+] Title Software? Need Advice - Mohammad Ali/FL (1 reply)
6/5/2007 4:32:57 PM (3308 views)

[+] LENDER SERVICES DIRECT INC. - ECENTENO/NV (27 replies)
6/5/2007 12:29:05 PM (4976 views)

[+] paying as they close loan - ks/IN (10 replies)
6/4/2007 1:17:01 PM (3477 views)




[+] Ricter Abstract will not pay - Dan Zook/NY (14 replies)
6/1/2007 3:09:41 PM (3714 views)

99 Fastest Growing Counties By Percent Increase - David Bloys/TX
6/1/2007 8:57:07 AM (4087 views)

[+] Maryland recording woes - Deborah Manion/VA (7 replies)
5/30/2007 9:55:14 AM (3514 views)

[+] tax sale / title search - Chet Mazur/CA (4 replies)
5/30/2007 9:00:07 AM (3452 views)

[+] No Find Fees - carol green/OR (19 replies)
5/29/2007 10:16:20 PM (5112 views)

[+] Mechanics Lien - Richard Knapp/IL (5 replies)
5/29/2007 1:19:15 AM (3662 views)

[+] Lest We Forget... - Scott Perry/PA (8 replies)
5/28/2007 9:11:44 AM (3431 views)

[+] War stories - Just for fun - Jean Allen/NC (6 replies)
5/26/2007 10:21:50 PM (3410 views)

[+] My First India Call! - Scott Perry/PA (11 replies)
5/26/2007 12:00:43 PM (3819 views)

[+] Crystal Abstractors - No Pay - Lois & Glen Morgan/TN (3 replies)
5/24/2007 2:51:56 PM (3404 views)


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