What is an Uninsured Deed?

Most common problems from Uninsured Deed’s come from Quitclaim deeds between family members, especially husband and wife. When a person is added to title, it is a window of opportunity for matters against him/her to attach to the property.

Why Should it be of Concern to you when taking a listing?

  • Is it a divorce situation?
  • Was it signed in distress?
  • Possible bankruptcy?

 

How can you spot an uninsured deed when you order a profile from Fidelity Title and look at the deed?

  • Look for accommodation stamp.
  • No title company or title company title order number.
  • No escrow number showing on document.
  • No document stamp showing under the fee section.
  • Handwritten document.
  • Time recorded is not 8:00 am in the morning.

Leave a Reply