title insurance: Does a cloud on the title mean a thunder strom is coming?
- 04/09/08 12:18 PM
Today 24 hours prior to closing a transaction I find out that there is a cloud on the title. It is pretty simple. Sometime in 1964 someone somehow failed to get the proper documents filed in order to release a deed of trust in the amount of $16,000. The loan had been assumed a few times and during this same time this area was annexed from the county to the city so have the title work was recorded in the county and the other half was recorded in the city. I was kinda surprised about the cloud since the property had … (10 comments)
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Nannette Turner
Online Marketing Home Ownership Advocate Specialis
Today 24 hours prior to closing a transaction I find out that there is a cloud on the title. It is pretty simple. Sometime in 1964 someone somehow failed to get the proper documents filed in order to release a deed of trust in the amount of $16,000. The loan had been assumed a few times and during this same time this area was annexed from the county to the city so have the title work was recorded in the county and the other half was recorded in the city. 
Get the 
;)
;)
