0
Depends on what the lien is for. It has to be satisfied and released by them-usually with money.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What are liens on property owner in an association?
Liens cloud the title to the condominium, meaning that the property owner owes a debt based on that property which must be paid in order to clear the title. Liens are also public record and may appear on owners' credit reports.
What is a real estate title rep?
A real estate title rep is an agent for a title insurance company who deals with the law offices and title companies that sell title insurance policies. The person who examines the record title of a property is called a title examiner.
How do you sue your title insurance company for not finding a cloud on your title?
You file a claim with the title agency as to the disbute. Remember, only pre-existing conditions up to the date you purchased the property would be covered and you need to check your Owner's Policy to see if the issue you are concerned about was covered or excepted from coverage on your Policy before you file a claim. If the "cloud" is something that came about AFTER you purchased the property, it would not be covered.
What does vest title mean?
Vest means to confer full title to real property. "Title" to real property means legal and absolute ownership. When a person dies owning real property their estate must be probated whether they die with a will or without a will. That is because title to real property, if not transferred by a deed from the owner, must be transferred by a court order. The court decree that allows the probate of an estate vests title to the real estate in the heirs. If the estate is never probated the heirs never gain legal ownership of the property and the result is a cloud on the title.
What is a creative title for a cloud project?
catch a cloud
What is the proper wording to correct a cloud on title with a Quitclaim Deed?
A cloud on a title is not corrected simply by "proper wording" in a quitclaim deed.A cloud on a real estate title is some defect or potential defect in the owner's title. It arises from some claim against the owner's interest such as a lien, an easement, a court decree or very often a missing interest from some former owner who died.A cloud on the title, also called a title defect, can prevent the sale of a property until the defect is resolved. Many title defects can be resolved by recording missing documentation. For example:A missing heir can sometimes be found and will agree to execute a deed that conveys their missing interest.A probate can be filed for someone who died owning an interest in the property.A corrective deed can be recorded to correct an error in the description in an earlier deed in the chain of title if that former owner is still available.A discharge can be recorded for an old undischarged mortgage.An old tax taking can be redeemed by paying the outstanding tax bill.Some clouds can be addressed quite easily and with little expense. Others can be quite costly to solve if they can be solved. In cases where it's not possible to record corrective documentation, a cloud on the title must be removed by a judicial order.Representation by a knowledgeable attorney, a comprehensive title examination by a professional and an owner's title insurance policy from a conservative, reputable company can protect a property owner against any clouds arising after acquisition.
A cloud of locust approach a field. Is this a correct sentence?
The correct sentence is: "A cloud of locusts approaches a field."
Can a recorded quitclaim deed create a cloud on title thereby preventing a foreclosure action?
If you're asking if the defaulting mortgagor can stop the foreclosure by executing a deed and conveying the property the answer is no. To execute a deed wouldn't create a cloud on the property. The property would be transferred subject to the mortgage and the lender can continue with the foreclosure by giving notice to the grantee.
How to cloud title?
Who has the legal title of the property in a trust?
Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.
Can I sue a title company for not finding a cloud on a title?
YES, that is what title insurance is for!
How do you find homeowner name of a title on property?
Property title search
