A wild deed is an improperly recorded deed. Because of the improper recording, the deed is not indexed or connected to the chain of title. Thus, the resulting wild deed is extremely difficult to discover during a title search, if at all.
What Happens If I Discover a Wild Deed on my Property?
A wild deed on your property most likely will not affect your ownership of it. Because a wild deed offers no notice to a subsequent good faith purchaser, most states will disregard it under the Recording Acts. However some states may recognize a wild deed as legitimate, especially if you knew of its existence before your purchase.
Does Title Insurance Protect Me from Wild Deeds?
Title insurance may or may not protect you from wild deeds. In many cases, you will not be able to recover title insurance benefits if there is a wild deed. This occurs in situations where a wild deed is impossible to discover from searching the public records. However, wild deeds that could or should have been discovered during a title search can be covered by title insurance.
Do I Need a Lawyer If I Discover a Wild Deed?
An experienced property attorney will be able to determine what the implications of the wild deed are. Your attorney will ensure that your property rights are protected by having the wild deed removed or by helping you bring an action against your title insurer if your state recognizes the wild deed as legitimate.