When you participate in any type of real-estate transaction, it is important that you understand all of the terminology relating to the situation. It can be quite common for people to misunderstand terms, and as a result, they can lose out on a potentially lucrative opportunity.
Real-estate transactions can often bring up issues about past ownerships, and this could have the potential to stall sales when the property is on the market. One way that prospective sellers may be able to solve the issue of past ownership is by seeking a quiet title action. This, in effect, means that claims to the property in regard to past ownership and titles will be "quieted".