Clouds on title are usually uncovered in a title search. These clouds range from a recorded mortgage paid in full, but with no satisfaction of mortgage recorded, to a property sold without a spouse’s release of interest, to an heir of a prior owner with a questionable claim to the property. The property owner may initiate a quitclaim deed or a quiet title proceeding to remove the cloud on title from the record. Also called bad title.
| Closing Trin, Closing Tick | |
| Cmo Reit, Co-Maker |
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
