From Tom Nardone, Millionaire Mailman …
Recently one of my students got a deal under contract on a house that the seller had owned for decades.
When the seller bought the house decades earlier, they went ahead and bought it without getting the title checked or getting a title insurance policy. Upon examination of the title for my student to get ready to close, it appears there was a gap in the title.
The person the current seller bought the house from never recorded the deed on the official record books and therefore there is a gap in the title. The prior owner, who the seller purchased the house from is now deceased, and the process of the title company trying to track down the past heirs of the previous sellers estate has begun.