Take a Little Vacation – Insuring Vacated Platted Streets

Vacation is not a word often associated with title. Vacation is typically an eagerly awaited plan or the subject of daydreams. When insuring title, however, vacation takes on a whole different meaning. “Vacation” of a platted street or alley means that the public’s interest in a property is being eliminated or “vacated.” This article will discuss what interests are created in the streets and alleys by virtue of the platting process, and once a street or an alley (hereinafter referred to as “street”) is vacated, who owns that vacated land, in what proportion, and the steps for insuring.
Also Included In This Month's Issue:
- Case Reviews
- Supreme Court Revives CTA; BOI Reporting
- Loan Alternative Agreements
- Compliance Corner
- Title Now With Melissa Murphy
- The Spotlight on Education - Form 1099-S Filing
- FinCEN GTO
Written by attorneys for attorneys.
Stay current on the latest developments in real estate law and the title industry.Read Online
02/03/2025