Title refers to both the rights of ownership of a particular property and the documents that prove the existence of those rights. Marketable title means that the property's ownership, as reflected in the real estate records, has no problems or only minor problems that any well informed and prudent buyer would accept. Any buyer of real property obviously wants and expects to receive clear title to the property. The buyer expects, for example, that the person selling the property has the right to do so, that all of the owners have joined in the sale, that all mortgage and other liens have been paid (or will be knowingly assumed as part of the transaction), and so forth.