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A title examination performed by a professional reveals any encumbrances that affect the property and confirms that the person who claims to own the property actually owns it and there are no outstanding interests. It also reveals any title defects that can be very costly to correct, if they can be corrected. The title examiner will examine the record of ownership for a period of years that varies from state to state and will then submit a title report that describes in detail the status of the title.
If you purchase property without having the title examined, you purchase all its problems and you may not purchase a 100% interest in the property. Someone may appear on your doorstep at some time in the future introducing herself as the co-owner.
What else can I help you with?
How does a family find land held in trust from their great great grandfather?
You would need a title examination performed by a professional. You should contact an attorney who specializes in real estate and probate law. They can arrange to have the title researched.You would need a title examination performed by a professional. You should contact an attorney who specializes in real estate and probate law. They can arrange to have the title researched.You would need a title examination performed by a professional. You should contact an attorney who specializes in real estate and probate law. They can arrange to have the title researched.You would need a title examination performed by a professional. You should contact an attorney who specializes in real estate and probate law. They can arrange to have the title researched.
How do you find out what you are actually getting when you purchase a quitclaim deed?
Answer To determine the quantity of land and quality of title that will be conveyed by a quitclaim deed you must seek the help of a real estate attorney who will have a title examination performed by a professional.
How do you confirm ownership of a property and determine if there are any liens or encumbrances?
You need to arrange to have a title examination performed by a professional.You need to arrange to have a title examination performed by a professional.You need to arrange to have a title examination performed by a professional.You need to arrange to have a title examination performed by a professional.
Caveat emptor applies to all real estate transactions in ca?
Yes. A buyer should always have a title examination performed by a professional and representation by an attorney who specializes in real estate law.
When is a title search not required for purchasing property?
A requirement for a title examination is usually triggered by financing. If the attorney who is representing the buyer must certify title to a lender then a title examination is required. However, any prudent buyer of real estate should have a comprehensive title examination performed to make certain the seller owns the property and there are no outstanding taxes, claims, liens and other encumbrances.
If a buyer does not have a title search done for a real estate purchase could he be in breech of contract?
He would be in breach only if he agreed in writing (in the contract) to pay for a title examination as a condition of the sale or transaction.
How do you get a mortgage search on a property?
A 'mortgage search' should be performed by a professional. The more formal term is a 'title examination'. A title examination performed by a professional will disclose any liens against the property and any defects in the title. More importantly, a professional examiner will know all the places to check for problems and will recognize legal problems that wouldn't be apparent to a non-professional.You can contact an attorney who specializes in real estate law and she/he can arrange to have the title examined. You could visit the local land records office and ask the staff to point out an experienced title examiner, introduce yourself and ask if they would perform a title exam for you. You could perform an internet search for 'title examiners' in your area for any professional association that lists examiners and their contact information. In Massachusetts we have MITEA.In any case, no one should purchase real estate without having the title carefully examined by a professional. The status report resulting from a title examination should always be reviewed by an attorney who specializes in real estate law..
Is a deed a clear title?
Generally, a deed is not a guarantee of clear title. For recorded land, a title examination must be performed to ascertain if the title is clear. In registered land systems, a deed followed by a certificate of title should provide the grantee with a clear title to the property. In registered land systems any encumbrances should be listed on the certificate of title.
How do you find the title company of an existing property?
You really have no right of access to that information. In some jurisdictions the notary of the purchase money mortgage handled the purchase and may have performed a title examination. You could try finding that information and contacting that firm.
What if covenants that affect land are not disclosed?
In order to be effective land covenants must be recorded in the land records. They are disclosed by a title examination performed by a professional.In order to be effective land covenants must be recorded in the land records. They are disclosed by a title examination performed by a professional.In order to be effective land covenants must be recorded in the land records. They are disclosed by a title examination performed by a professional.In order to be effective land covenants must be recorded in the land records. They are disclosed by a title examination performed by a professional.
If you buy a quitclaim deed how do you know what is included in the deed if the person selling it does not know?
To determine the quantity of land and quality of title that will be conveyed by a quitclaim deed you must seek the help of a real estate attorney who will have a title examination performed by a professional.
Who orders the title examination for real estate closings?
Generally, the necessary title work is ordered by the buyer's attorney and paid for by the buyer.
