Title Curative Issues – Resolving Property Ownership and Transfer

Foreclosure
Foreclosure

 

Serving clients throughout Illinois, Codilis and Associates, P.C., has experience in complex litigation assignments and issues of foreclosure and bankruptcy. The Codilis team also undertakes title curative work through a dedicated title department that focuses on resolving title issues.

Codilis & Associates emphasizes the importance of these activities as a way of resolving foreclosure matters and achieving successful real estate transaction closures. The firm’s title curative activities resolve chain of title defects caused by error or ambiguity.

A focus is on ensuring that the record title matches the actual possession and use of the property. The deed or lease must describe the land in a way that is consistent with both jurisdictional requirements and county law. The acknowledgment must also be in the correct form, or the document may be deemed executed.

Other aspects of the title curative process involve making sure that sufficient testator intent is shown in wills and other documents related to the conveyance of the title to a new owner. In cases of divorce, the title transfer must be conveyed via the family court and properly filed.

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Author: Codillis & Associates

Located in Burr Ridge, Illinois, Codilis & Associates, P.C. is a respected leader in the legal area of creditor rights. Led by Senior Partner Ernest J. Codilis, Jr., Codilis & Associates specializes in real estate law, particularly in the areas of bankruptcy, building court, evictions, foreclosure, and real estate owned property. Combining expertise in client services and technological innovations, Codilis & Associates provides services supported by the most technologically advanced systems and equipment available, such as LenStar, NETtrak, FIS Desktop, NewImage Express(TM), inter alia. An active member of the wider legal and mortgage banking community, Codilis & Associates maintains memberships in the Federal Home Loan Mortgage Corporation (FHLMC) Designated Counsel for Illinois, the Federal National Mortgage Association (FNMA) Retained Attorney Network for Illinois, the Mortgage Bankers Association of America, and The Chicago Bar Association. Beyond legal practice, Codilis & Associates is highly involved in a number of charitable organizations dedicated to helping disadvantaged children, including Cambodia’s Hope, Mercy House, and World Vision, Inc. Codilis & Associates also recently donated to the Attorney’s Title Guaranty Fund, Inc.’s efforts to assist homeowners in danger of foreclosure.

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