If you are selling your home, you want to do everything you can to make the most of the deal and ensure a smooth transaction. Having a marketable property title free from any third-party claims, ownership disputes or risk of litigation should be top of the list. A quiet title action can help you do this.
A quiet title action is a legal process that resolves disputes or uncertainties about a property’s ownership. It addresses any outstanding claims that could complicate the sale by providing a clear and undisputed title. Here is how a quiet title action can help when selling your home.
Eliminate title defects and establish clear ownership
There could be title defects you may know or not know about that can create uncertainty and deter potential buyers. They include:
- Unresolved liens
- Undisclosed heirs
- Unclear boundaries
- Public record errors
- Unknown easements, among others
A quiet title action can help deal with such issues that can cloud the title. Once the court has issued a judgment, it removes any clouds on the property title and clarifies the question of legal ownership. Buyers are more likely to consider purchasing a property with a clear title, which can improve your property’s marketability and perceived value.
Facilitate a smooth transaction
Identifying and resolving any issues related to property ownership before the sale can help prevent delays during the closing process. You minimize the risk of lawsuits or disputes that could hinder a trouble-free sale and transfer of ownership.
Seeking qualified guidance is essential to navigating the complexities of such legal procedures. You want to ensure you meet all requirements and do everything right with a quiet title action. It can go a long way in protecting your interests and paving the way for a successful sale.