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Updated almost 5 years ago on . Most recent reply

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True Carpenter
  • Wholesaler
  • Haddonfield, NEW JERSEY (NJ)
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Quiet title

True Carpenter
  • Wholesaler
  • Haddonfield, NEW JERSEY (NJ)
Posted

Who knows about Quiet Titles and how they work, the pluses and minuses?????

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Welcome to BP!

Quiet Title is an action brought to cure a particular title defect or cloud on title. It might be used to have a wrongful sale, an abandon title issue by quit claim, an easement or title restriction, to name a few instances that might be set aside by the court. It does not earase the chain of title or rights of others not named in an action over a specific issue.

Pros- Your attoney may clear an issue that others have had problems with, say to partition owners or cure a survey issue and thereby making the property more marketable perhaps more valuable.

Cons-you may not get your way, bringing false claims is a good way to become liable for costs, expenses and damages to others.

I suggest you be aware that title issues can be cured and that before you bet on the success of obtaining Quiet Title you seek legal advice before you buy a property or add to any existing complications.

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