Choose Title Resolution For Free

A lien on your house, mobile home, car, or other property makes your title unclear. To clear up the title, you must pay off the lien....Generally, a title search company or an attorney will review:All public and court records.Easements.Legal descriptions.Liens or other claims.Property tax records.The chain of title.

More plainly put, if the seller can't give title, the buyer has a right to sue for whatever losses he or she can prove and is not merely stuck with a reimbursement of the deposit and those few costs.The average agent should encourage her client to get a title search soon after entering into the agreement of sale.

Some of these common title issues are:Errors in public records. To err is human, but when it affects your homeownership rights, those mistakes can be devastating.Unknown liens.Illegal deeds.Missing heirs.Forgeries.Undiscovered encumbrances.Unknown easements.Boundary/survey disputes.More items...

What Happens If the Contract Is Breached. Let's imagine that the seller fails to provide an abstract of title showing clear title to the property.This means that the damages to the party not in breach of contract will be for a set amount of money, which is often the amount of the buyer's deposit or earnest money.

For many people, their home is their largest asset. By waiving Owners Title Insurance you are choosing to not protect that asset. If you are obtaining a mortgage, there will be a Lenders Title Policy on the home that is mandatory.

Many title issues can be resolved by filing one of three common documents: A quit claim deed removes an heir and clears up title among co-owners or spouses. A release of lien/judgment removes a paid mortgage or spousal or child support lien. A deed of reconveyance records payment of a mortgage under a deed of trust.

A title defect refers to any potential threat to a current owner's full right or claim to sell a property. The property has a publicly-recorded issue, like a lien, mortgage or judgment that gives another party a claim to the property.