Iowa Notice of Title Defect by Buyer to Seller Pursuant to Provisions of A Purchase and Sale Agreement

State:
Multi-State
Control #:
US-OG-358
Format:
Word; 
Rich Text
Instant download

Description

This form is used by a buyer to give notice of a title defect on property in an acquisition turns action and contains the information necessary to cure the defect.

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FAQ

Title Resolution When title defects are discovered, the title agent initiates a remediation process to resolve the defect and render the title clear and free.

For example, a title defect could be an undisclosed heir of a previous owner suddenly appearing to make an ownership claim on your land. An encumbrance is a claim made upon the land by someone other than an alleged landowner.

The book title is vague or unclear You need a good hook to attract the readers. As such, your title needs to cover what your story is about. You can't have a vague title like ?Jessica's School Dilemma.? This is not clear enough to tell the reader what your story is going to cover.

An incurable defect often occurs whenever a piece of land is located in an area that has less-than-desirable surroundings. For example, properties that are located very close to airports are subject to a great deal of noise, yet the fact that the airport is in close proximity to these parcels cannot be changed.

A quitclaim deed is often used to cure a defect (a "cloud on the title") in the recorded history of a real estate title.

Although an unmarketable title does not mean that the property cannot be transferred, it does mean that there are certain defects in the title which may limit or restrict its ownership, to such an extent that a purchaser cannot be forced to accept a title that is materially different from the one bargained for in the ...

A warranty deed holds the seller, or grantor, responsible for any breach after the title search, even if the breach occurred without their knowledge or during a period before the grantor owned the property. It ensures that the buyer will not be responsible for any past title defects or encumbrances.

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Iowa Notice of Title Defect by Buyer to Seller Pursuant to Provisions of A Purchase and Sale Agreement