Clean title in the Investment Plan

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How to Clean title in the Investment Plan

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Hi. Lee Phillips here. I want to talk about clearing title or quieting a title. You have a piece of real estate. you've got a deed to the piece of real estate but somehow the deed's not right. The guy who gave it to you when he signed when he got the piece of property it was deeded to him as "Robert E. Lee". When he gave the property to you he only signed the deed "Robert Lee". Is that the same guy? I don't know. So your title is flawed. It has a cloud on it. The property description in this title and the next title aren't the same. There are just tons of reasons why you would want to quiet a title or to clear a title somehow. For example, dad died and the sister lived in the house for 20 years. Now we're selling the house. Well, the deed's in dad's name. Dad's not there to sign. "Oh go through probate." No, no, no, no, no. Probate you always have to file within X number of months after dad dies. It's a year, 9 months, 2 years, depends on the state. So we can't do probate anymore. T...

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Which of the following is not covered by an extended title insurance policy?

Which of the following is NOT covered by an extended title insurance policy? The answer is defects and liens listed in the policy. A title company will not cover against defects that appear in a title search. These are included in the policy as exclusions.

What happens during the closing of a loan quizlet?

The buyers complete their financing arrangements (referred to as closing the loan). The buyers deposit the down payment and closing costs into escrow. The sellers transfer the title. The sellers pay off any mortgage or other outstanding liens on the property.

Where can you find out whats not covered by a title insurance policy quizlet?

Schedule B- Lists all the things they find in their title search that they will not cover. This includes- lien to bank, A tax lien, some easements, CCRs private agreements, what can be built on the property, assignment of the oil ETC. i) These are all the defects with the property that they will not be insuring.

What are the different types of titles?

What are the most common types of car titles? There are three types of car titles that most drivers will encounter, clear/clean title, lienholder title and electronic title.

Which of the following is not covered by a standard title insurance policy?

Standard policies do not insure against unrecorded special taxes, assessments for public improvements levied or assessed as of closing, or title problems that would be disclosed by inspection or survey of the property.

How do I know if my Florida title is clean?

Check with the DMV or Tag Agency The Department of Motor Vehicles or your towns tag agency should be able to give you the information about the car you are looking at buying. All you need is the vehicle identification number, and they can pull up the history and records of that car.

What is a clean title in Florida?

What is a clean title? A clean title is one you would receive in most cases when you purchase a vehicle. A brand new vehicle has a clean title and most pre-owned vehicles that can be driven safely and are insurable. Insurance companies will insure a vehicle with a clean title for the amount of its value.

Who is responsible for the accuracy of the closing statements quizlet?

The listing broker is responsible for the accuracy of closing statements and six- column worksheet, with the employing broker responsible for supervising the listing broker.

Which of the following problems would be covered by an extended coverage title policy?

Which of the following problems would be covered by an extended coverage title policy, but not by a standard coverage policy? AB - Encroachments, adverse possession, and other problems that would be discovered by inspection are covered by an extended coverage policy, but not by a standard coverage policy.

Which document is the most important at closing quizlet?

What is the most important document at closing and why? The deed is the most important document because it transfers the property to the purchaser.

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