Interesting is code word for bad. There is a property I am researching that has multiple deeds of trust showing against it. They are against the previous owners. The current owner is bad with paper and does not have the releases nor does he have a copy of his title insurance. A search has gone out to the larger title insurance companies and no one can find any title insurance in the owner's name. The title companies associated with the older deeds are out of business. I was able to locate one of the attorneys. The deeds are old (around 10 years) but not old enough for some insurance companies to wite a title insurance policy. I don't think the previous owners are waiting on their money. According to city law, a deed of trust remains attached against the property until 12 years after the maturity date. From what I see so far that is less than 5 years away. I don't know the steps to clean up the tile after the time has passed. This would be a buy/hold but the transaction would be financed so the lender would require title insurance. What can be done to clear the title before the 12 year limit.
quiet title but its time consuming. Best of luck
@Jeremy Tillotson What is involved in a quiet title? Thanks for your response.
I found an article.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.