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Quiet title
Who knows about Quiet Titles and how they work, the pluses and minuses?????
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- Investor, Entrepreneur, Educator
- Springfield, MO
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Welcome to BP!
Quiet Title is an action brought to cure a particular title defect or cloud on title. It might be used to have a wrongful sale, an abandon title issue by quit claim, an easement or title restriction, to name a few instances that might be set aside by the court. It does not earase the chain of title or rights of others not named in an action over a specific issue.
Pros- Your attoney may clear an issue that others have had problems with, say to partition owners or cure a survey issue and thereby making the property more marketable perhaps more valuable.
Cons-you may not get your way, bringing false claims is a good way to become liable for costs, expenses and damages to others.
I suggest you be aware that title issues can be cured and that before you bet on the success of obtaining Quiet Title you seek legal advice before you buy a property or add to any existing complications.