title company
Fixing Title Company Mistakes
Q: My father’s property was sold in California a couple of years ago. I was recently contacted by the title company that assisted my father in the sale. They told me that there was a “typo” on the number of …
Claim With Title Insurance Arises With Prior Lien
Claim with title insurance company comes up when an unknown prior lien is found. Watch our video on what title insurance is and what it covers below. Q: I am the third owner of a property. A fraud investigator from …
Title Insurance Problems Arise When A Title Company Fails to Disclose An Association
What is the purpose of a title company? To avoid title insurance problems and issues. A title company’s responsibility is to search the public records and inform the prospective homeowner about any issues and problems that affect the title of a property they intend on buying.
Do It Yourself Title Search May Be Incomplete
Can you do a title search for your own property? You may be able to research your property’s title and related liens in public records but you may also miss something. Do you need to hire an attorney to help with a title search? Or a title insurance company? Find out what a title search includes and why a do-it-yourself title search may not be the best idea.
Selling Home Includes Title Company’s Transfer Taxes
What are the seller charges that are listed on the statement you receive from the title company after selling a home home. Ilyce explains that every state has taxes called transfer stamps that the seller must buy so the title company can put them on the deed before the home sale is final. The transfer taxes are public record, so you can check with the title company to see if you have been charged correctly.
Contractor Fakes Out Title Company
A contractor submits fake documents to a title company and then gets paid. The home buyer asks if he has any recourse for when a contractor submits fake documents. Ilyce says it depends on the type of escrow account involved in the home purchase and that the home buyer should consult a real estate attorney to sort through whether the title company is liable for accepting fake documents from the contractor.
Property Lien Destroys Home Sale
When you buy a home you hope that the title insurance company will find all liens against the property in doing the title search. When you discover a lien on your home after closing, it could unravel the sale. To protect yourself it’s critical to have the right kind of title insurance, to protect you and not just your lender.
Title Company Can Resolve Quit Claim Deed
Regardless of whether you’ve been paying property taxes, to really be a property owner your name has to be listed on the property’s title. In one family’s case some land was signed over using a quit claim deed and one of the heirs is now unsure whether she’s listed on the title or is the owner. It may be useful to contact a title company and/or a real estate attorney and do a check on the chain of title, which will provide who owned the property when.
Change Mortgage In Divorce: Quit Claim Deed Won’t Work
When you divorce you may want to remove some of the names on your home’s mortgage. You can’t remove the name of one of the borrowers on a mortgage loan using a quit claim deed. A quit claim deed can change the names listed on a home’s title but not on the mortgage. To change the names on a mortgage loan you have to refinance, sell the home and repay the mortgage loan or pay off the mortgage loan with cash.
What’s Included In A Title Search?
Title insurance protects you and your property. A title insurance company runs a title search before issuing a policy. A title search means looking at public records relating to your property and tracing the chain of ownership. What documents are included in a title search?
