In a feature story yesterday, Kim Miller of the Palm Beach Post reported on title industry concerns regarding the use of a quiet title action in an attempt to "eliminate" otherwise valid mortgages on a property. Kim had previously highlighted the practices of the Fidelity Land Trust Co. and homeowner's hopes to eliminate their mortgages in
a June 17 story. and a follow on
editorial.
If you are asked to insure a property after a mortgage has been quieted, we strongly recommend it be discussed first with your underwriting counsel.