title search
How to File a Title Insurance Claim
Q: I purchased land in 2003 and obtained a title insurance policy from one of the most prominent title insurance companies in the country. Additional title searches and policies were issued when I obtained a construction loan and a loan …
Unpaid Property Taxes Found One Year After Land Contract Signed
Land contract — also known as installment contracts for deed — are complicated documents. If you are not careful, you could end up in a mess. Some issues that can lead to problems in a land contract are title issues, including unpaid real estate and property taxes. But unpaid taxes could be the lesser of some of the title problems you can encounter using a land contract. This reader found unpaid property taxes from years earlier about a year after entering into the land contract.
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.
Learn About Title Insurance
Title insurance is a key part of buying a home. Learn more about title insurance from these ThinkGlink.com stories.
Why do I need to buy title insura…
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?
Title Search May Delay Deed In Lieu Of Foreclosure
Can a lender foreclose on a home before a deed in lieu of foreclosure can be finalized? A title search can delay a deed in lieu of foreclosure process. In addition, whatever the title company finds during the title search can affect the deed in lieu of foreclosure. How does having a name on a title but not a mortgage loan affect a title search? Another reason a deed in lieu of foreclosure may be delayed is that lenders are swamped with similar situations.
Partial Ownership In Property Not Documented
A brother helps his family buy a home in exchange for 10 percent of the property. He never received paperwork at the time of closing documenting his stake in the property. His name was never added to the deed and now he’s not sure how to proceed.
Title Insurance Company Can Discover Deed Problems
Is a general or special warranty deed better for selling property? When selling a residential property, the type of warranty deed you use, or title, isn’t so important. A special warranty deed is usually used for commercial real estate sales. During the home sale process, a title company will run a title search and discover any problems with the deed or title. Usually a general warranty deed is used when selling a residential property.
Protect Investment With Title Insurance
Before you go to closing, ask about your title insurance protection, and be sure to protect your home with an owner’s title insurance policy. Just because there is a title commitment does not guaranty that the seller can convey “good” title to a buyer. If the title company has done a good job searching the title to the property, you, as the buyer, will have a good understanding of the issues that will affect your title.
