A title is a legal document outlining the right to property ownership, giving the holder of the title legal rights to use said property or even transfer a portion of the title to others. When looking for a new home, people are strongly encouraged to conduct a title search in order to uncover a property’s history and avoid any unexpected surprises when they go to purchase the home. While the majority of title issues with a property are minor and resolvable, they can cause delays in closings and other headaches that are avoidable if handled correctly in the first place. Therefore, real estate transactions go much smoother when there are no title issues.
An estimated one-third of all real estate transactions involve some type of title problems. As such, it is critical to dodge these property title mistakes:
- Public record error when filing
- Illegal deeds
- Unknown or missing heirs
- Hidden or unknown liens
- Unknown encumbrances
- Hidden easements
- Undiscovered will
- Survey disputes
- Impersonation of a past owner
- Forged documents
Even the smallest of title problems need to be resolved for a clear title to be offered to a buyer. As such, it is absolutely essential to go into the home buying process armed with information. Conveying and recording title is a quick, but complex process that can lead to problems in the future if not done correctly. If you are making changes to title, please contact our office and our experienced staff can help you accomplish your goals quickly and accurately.
Comments are closed.