Tag: Title

Real estate deals can be lengthy transactions, even when things are going smoothly. A cloud on a title can further complicate matters — but there’s a way of getting past it, even when liens are involved. Read on to learn more.

What causes title clouds?

A cloud might come up during a property title search for several reasons:

• The property is currently in foreclosure proceedings that could prevent a sale.
• An issue with determining the rightful heir(s) of an estate (probate).
• The deed is fraudulent or incorrect.
• There’s a lien, be it an unpaid mortgage or tax bill or money is owed for construction work (mechanic’s lien).

Property encumbrances are obstacles for property investors, but they don’t always have to result in contentious situations. A quitclaim deed can help clear up title clouds in a situation that does not involve a financial transaction, such