What can i do to quickly repair a broken chain in a title if the parties involved in the break are decease?

Question

Just this week i went to closing for a property i plan to develop,
The woman i was going to purcahse the property from got the property in a divorce settlement, the property has been in her ex husbands family for some 40 years. The title report shows a broken link as to how her ex husbands parents came to control the property but the parents wrote a waranty deed when her ex husband and her purchased the home from the parents some 20 years ago.

The title report also says "right to title and intrest as disclosed by the aformentioned deeds" whats this mean, does this mean that the county recorder and court already cleared this up.

I dont have the time due to 1031 issues to wait 4-6 weeks to go through the courts to get this cleared up. The county has destroyed all records older than 20 years old and the title company that the parents would have used is out of business and the records have also been destroyed.

What should i do.

Answer 1

You should immediately go to the title company handing your transaction. They should be able to tell you exactly what is required to get a clear title and to put this transaction back on tract.

Normally title transfers are kept longer than 20 years, we were able to go back over 50 years for a title problem,but the title company did a lot of the work.

Has the title company that the parents would have used been taken over by another title company, in most instances this is the case. So you might try and look up a company that might have bought out the old title company, or taken it over.

Now you know that any transfer of property should be done through a title company.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 2

Your title company should be helping you with this matter:) In the divorce settlement, they should have done a quit claim deed and had it recorded. Does the women have her divorce papers to prove she owns the property?

Answer 3

Go to land records in the county courthouse, they should know what to do.

Answer 4

fevi quick.....