In many situations, quiet title is a must when purchasing a piece of real estate. It ensures that the new property owner has a clear title for that property. Often times, mistakes happen in the processing of deeds and other documents related to the purchase process. When errors occur, whether they are intentional or mistakes, there is a risk to the new owner of losing their real estate. You invested a great deal into this purchase. You should not have to give it up because of someone else’s mistakes but that is what can really happen.
Why Do It?
There are many instances in which the steps to quiet title are necessary. Imagine owning a piece of real estate and then learning, after you have spent a lot of money into it, that your property really is not yours. The person who sold it to you did not have the legal right to do so. A mistake on a document caused someone to mistakenly describe it legally, which has led to complications in the ownership of the real estate.
There are many reasons to ensure you have the right to own the property. Here are some of the most important benefits to consider.
• This process ensures that no one else can make a claim against your property. Even if something does come up, this is a level of protection you need.
• Mistakes on mortgage documents or on documents of ownership for the real estate previous to your purchase are no longer a factor. You can rest assured that previous mistakes will not hurt you.
• The process ensures your family and heirs get to keep the property as well, since previous mistakes are no longer a factor. This means that going forward, the property remains protected for you.
When it comes to selecting whether or not you need to quiet title, talk to a professional about the risks you are facing and why this may be a good investment for your needs. In doing so, you may learn that there are risks involved in the ownership changing hands that you did not know about before. It is a good idea to talk to an expert about your individual case.
When you quiet title, you gain a layer of protection. That layer of protection ensures that the money, time and passion you put into your home really does matter. No one can take it away from you, unless you do not make the right decisions in managing it. That can provide you and your family with the level of protection necessary for years to come.