Having a cloud on Title does not conjure up images of puffy white cotton shapes in bright blue skies. It looks a little more like red tape. A cloud on title occurs when there is a claim, condition or encumbrance that impairs the title to real property. Luckily, this can be eliminated. The title is researched to ensure that no one else is claiming ownership and that it can be transferred to another party. This is one of the many jobs of a Title Company.r. Buyers also need to take responsibility as well and read through their documents and ask any questions they have regarding the escrow process. Your Realtor is also your trusted advisor and will work together with your Escrow Officer to ensure a smooth closing. Generally, a quitclaim deed or legal action is needed to straighten out any discrepancies. From there it should be clear skies and smooth sailing to a successful close of escrow.
Sonoran House Scottsdale Real Estate
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