When you’re buying a home, title research is an important way to ensure that your transaction will be smooth and uneventful. The more times that a property has changed hands, the greater the chance that there could be previously undiscovered liens or encumbrances on the title, commonly known as “title clouds.” In the event that there are any clouds on the title, they must be resolved prior to closing, and title insurance will help protect you from being forced to pay correction fees out of your own pocket.
Buying a new home is exciting, but it can also be a little intimidating. A large asset is changing hands for a lot of money, and before the title can be transferred, a lot of research has to be performed, and a lot of documentation has to take place. Most sales run smoothly, but what can you do to protect yourself if there’s a problem?
We take a lot of pride in our homes, and want to get the best possible price when it comes time to sell. But listing and selling a home is challenging, and we owe it to ourselves to hire the right professionals to handle the preparations for the sale and property closing.