Letter of Ownership

A letter of ownership is a short letter that is usually written to verify that someone is authorized to formally change the ownership of an object. For example, when selling a car, it is common for the seller to issue a letter of ownership to the buyer, so when they go and register the car, they can prove that they are actually the owner. Without this information, it would not be possible for the new owner to register the car.

Another possible use for a letter of ownership is to prove you earn a certain asset. For example, a letter of ownership could be issued by a bank to a homeowner as a way to verify that they actually do own their home. This can be used to go to another lending institution to take out a loan against your house, or to prove you have the collateral to make a large purchase.
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Posted in Ownership Letter at January 4th, 2013. No Comments.