Escrow & Title
In Vermont, a 'quiet title' action is brought to:
AReduce the noise from a neighboring property
BResolve disputes about property ownership and establish clear, undisputed title✓ Correct
CLower the assessed value on the grand list
DForce a neighbor to remove an encroachment
Explanation
A quiet title action is a court proceeding to establish clear ownership of property and extinguish any adverse claims, clouds on title, or disputed interests. Vermont property owners bring quiet title actions to resolve adverse possession claims, boundary disputes, or historical title defects.
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Key Terms to Know
Adverse Possession
A doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Math Concepts
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