Domestic violence was a part of my family's life for years. When I made the decision to leave with my children, I had to rely on the law to provide the protection we needed. Sometimes, the system does not work as fast as we want. I soon learned that going at it alone without any guidance caused significant delays. I created this blog to help others who are seeking legal means to deal with an abusive ex. By making the right moves, it is possible to get the necessary protections in place so that you can also live a happier and healthier life.
Similar to having a home inspection performed on a home prior to purchase, having a title search performed on a home helps to ensure that the home you are interested in buying is legit and free from legal encumbrances and defects. With the assistance of a real estate attorney, a title search can be carried out easily, and potential problems can be quickly identified. Here are a few of the challenges that may be identified during a real estate title search.
When it comes to real estate titles, the slightest inaccuracy in the information can have a serious impact. As a general rule, clerical errors can easily be spotted and disentangled. However, it is when property owners decide to conceal information or forge filings that you may need to fork over a significant amount of money in order to resolve a deed issue in the event that you failed to have a title search performed prior to taking ownership of the property.
Claims and Easements
To avoid the discovery that someone else has a claim to your newly purchased property, you should take the time to thoroughly go through the public records for validation that the true property owner is indeed the seller. It should be verified that there are no heirs who can suddenly try to lay claim on the property and that there are no co-signers on the title.
In addition, be aware of any potential easements that may arise during the title search, as they can impact the value of the property. An easement offers the holder a specific interest in the land owned by someone else and provides them the right to use it. For example, one type of easement may require that you share the driveway with your neighbor.
A lien grants the right of claim to a lienholder until a debt has been paid in full. In the event that a prior owner did not satisfy a lien, you will be unable to possess a clear and free title. Real estate law requires that you take care of the unpaid debt, even if the deal has been closed. An attorney will be able to disclose unreleased liens including tax debts and undischarged mortgages during a thorough title search, saving you a lot of headaches and strife.
When you decide to purchase a property, make sure to work with a real estate attorney from a firm like Souders Law Group to ensure you don't purchase a property that is more work than it is worth.Share