Real Estate Law
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A quiet title action is a legal proceeding that determines who owns a property and who has a legal encumbrance on that property, like a lien. So if the lender has a lien on the property a quiet title action would just confirm that they have an encumbrance on the property and are a lien-holder. But it wouldn't somehow eliminate the lender's right to pursue any collection actions, including foreclosing, in the event that the borrower defaulted on the loan.
A quiet title just formally shows who owns the property and who has any legal liens on it.