We are in a deal right now that repeats itself over and over. The issue is clear title.
Here are some rules of thumb. Use an attorney to do a title search. Spend a buck. In this case a home has clear title but one of the lots that go with it does not. It does not because there was a quit claim deed done between previous seller and buyer. They saved a buck by not using an attorney. But unfortunately the first owner did not have clear title. So a whole deal can fall through over saving a buck.
If you are a Realtor just because there is a deed on file quitclaim or other does not mean that the chain of title was correctly followed. So the trick here is to ask did you get this deed at a closing with an attorney and title insurance or was it something between you and the seller. Please folks in this market look at your deeds and make sure you can convey title
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