Quiet Title Action
Barron's Banking Dictionary:
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Quiet Title Action
Legal action brought to eliminate any interest or claim in a property by others. It is the procedure used to remove title defects from a real estate title when a Quitclaim Deed cannot be obtained.
Investopedia Financial Dictionary:
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Quiet Title Action
A circuit court action (lawsuit) intended to establish or settle the title to a property, especially when there is a disagreement on the title. It is a lawsuit brought to remove a claim or objection on a title.
Investopedia Says:
A quiet title action occurs when one property claimant challenges one or more people in a court of law for the purpose of determining who is the rightful legal owner. It is intended to "quiet" the conflicting claims on the property, eliminating any ambiguities in the title and making it clear.
Related Links:
Find out how best to claim and convey ownership on your assets. Holding Titles On Real Property
In breakup, divorce or death, community or common law will determine how property is divided. State Laws Dictate Division Of Joint Property
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Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
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