Clear up title in SDW

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How to clear up title in SDW

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- Learning how to research property is a must, because many times you want to go to an auction, and thereamp;#39;ll be numerous properties, and you wonamp;#39;t want to just go to a title company, and spend thousands of dollars researching. (upbeat music) Welcome back. Iamp;#39;m Ted Thomas. Iamp;#39;ve been involved in tax defaulted real estate for over 30 years as an investor, and as a guide, and as an author. This is like riding a bicycle. When you start out, youamp;#39;ll think youamp;#39;re never gonna be able to get it right, but, sure enough, if you keep practicing, itamp;#39;s like having training wheels, and after a short time, youamp;#39;ll learn how to do this. But learning how to research property is a must, because many times you want to go to an auction, and thereamp;#39;ll be numerous properties, and you wonamp;#39;t want to just go to a title company and spend thousands of dollars researching. So you need basic research on how to find the liens on the property

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What is the difference between a clear and clean title?

The primary concern with a clear title revolves around ensuring the vehicles history is devoid of legal or financial complications. On the other hand, a clean title typically does not focus on a vehicles legal and financial aspects. Instead, a clean title primarily concerns the vehicles physical condition.

What type of deed is usually used to remove a cloud from the title?

A quitclaim deed is often used to cure a defect (a cloud on the title) in the recorded history of a real estate title.

What makes a title clear?

A clear title is a title without any type of lien or levy from creditors or other parties that would pose a question as to legal ownership. For example, an owner of a home with a clear title is the sole undisputed owner, and no other party can make any kind of legal claim to its ownership.

How do I clear the cloud on my title?

Clouds on the title are resolved by initiating a quitclaim deed, which releases a persons interest in a property without stating the nature of the persons interests. Any property that has liens or is under foreclosure is unattractive to potential buyers because they create a cloud on the title.

What does subject to clear title mean?

Clear title is the phrase used to state that the owner of real property owns it free and clear of encumbrances. In a more limited sense, it is used to state that, although the owner does not own clear title, it is nevertheless within the power of the owner to convey clear title.

How do I resolve cloud on title?

The legal remedy to remove the clouding title requires filing a civil lawsuit in a court of law to seek Quiet Title resolving the cloud on the title. Clear Title, shows that all your rights to enjoy your property remain intact.

Which of these is a way to clear a cloud on a title caused by divorce or death?

Execute a Quitclaim Deed. This action involves contacting parties who appear on the title but dont have rights to the property (such as an ex-spouse in a recent divorce) and instructing them to conduct a quitclaim deed. This removes from the chain of title.

How can clouds on a title be removed?

A cloud on title caused by a mechanics lien can be lifted by paying the unpaid balance to that mechanic. Clouds on title caused by other defects may be lifted by a quiet title action. These claims or encumbrances do not need to be valid in order to create a cloud on the title.

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