by J. Cliff McKinney II |
“Banks frequently face the problem of borrowers who want to purchase (or pledge as collateral) real property that has title flaws. The title flaws can be as minor as a fence-line dispute to as severe as multiple parties claiming title to the same property. In these cases, it is sometimes necessary to file a quiet title suit. A quiet title suit is a special type of lawsuit that asks a court to determine the rights of parties to real estate.”
Note: The above is an excerpt from the article published in the Spring 2008 issue of The Arkansas Community Banker. Click the link below to read the actual publication.