The newest financial elixir to grace the American scene is the concept of quiet title. A lot of consumers are under the impression that a quiet title action will get them a free house. Nothing is further from the truth. Why would I know? Because I wrote a workshop for continuing legal education credits for attorneys.
The workshop has been approved in Florida, Georgia, North Carolina, Wisconsin and Nevada. I have been conducting workshops around the country on this subject and have had an opportunity to talk with homeowners facing foreclosure, real estate investors, mortgage professionals and attorneys. After understanding what the concept really is, all came away with a better understanding.
Quiet title is designed to minimize litigation. Plain and simple. When you file a this type of action you are bringing suit against anyone that has a recorded interest in your property. When you compare a foreclosure defense suit to quiet title the difference is day and night. Today’s legal system encourages homeowners to seek the counsel of attorneys to represent them in a foreclosure. But, and this is a big BUT. The attorney if not
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