QUIET TITLE AND REAL PROPERTY ISSUES

If a property’s title is not clear and marketable it likely has a title defect, also known as a “cloud” on title.  Title defects are called clouds because the defect may obscure the property’s true owner or reflect that a party has an interest in property when it actually does not.

Clouds on title are often discovered when property is being sold.  Sellers almost always have a contractual obligation to transfer clear title to the buyer.  As a result, the seller obtains a title insurance company to search the property’s title history.  If a cloud on title appears, it may need to be resolved with a quiet title action.

The act of quieting title on property is intended to produce clear and marketable title.  Having a good attorney can help further understand how to quiet title and whether it is necessary to resolve any clouds on your property’s title.

Planning on buying or selling property?  Local attorney Andrew Szocka provides thorough real estate and estate planning help in the Chicagoland area.  To schedule a free initial consultation, visit the Law Office of Andrew Szocka, P.C. online or call the office at (815) 455-8430.