In early February of 2019, NBC Philadelphia announced that stolen homes through deed fraud was on the rise. In fact, reports say there was a 70 percent spike in the number of people in Philadelphia who alleged that they were victims of deed fraud. While this crime is certainly not unique to Pennsylvania, the high increase prompted a crackdown.
When can quiet title actions be used?
Property owners use quiet title actions for all sorts of disputes. In many cases when ownership of a property is contested, a Pennsylvania resident may file a quiet title action in court to obtain undisputed ownership of the property. These actions are used to clear away any doubt as to who owns the property, and can involve contesting the claims of other parties or simply demonstrating that no other party has a valid claim to the property.
The basics for commercial real estate loans
Buying real estate for a new company? Or are you renovating a property you already have? Both options require large sums of money - most likely through a commercial real estate loan. And these loans need more attention due to their lengthy process.
