An Uninsured Deed is a deed that has not been examined or insured by a title company. Most common problems from Uninsured Deeds come form Quitclaim deeds between family members, especially husband and wife. When a person is added to title, there is a window of opportunity for matters against him or her to attach to the property thereby negatively affecting title and putting you and or your clients at risk.
WHY SHOULD AN UNINSURED DEED 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 TICOR 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.
To learn more, contact your Ticor Title Sales Executive.