5 common title problems in the home buying process

5 Common Title Problems in the Home Buying Process

SOURCES: https://artesiantitle.com/ https://www.bntc.com/top-5-common-title-problems/

Existing Liens Unpaid sale

liens

and

one

purchase

Homeowner existing

are

of

the

need

to

persistent

homes

Association

monetary

property

of

across

fees

to

be

the

tax

responsibilities discovered

challenges country.

liens,

any

a

the

From

potential

associated

with

in

with

thorough

a

title

search.

Breaks in the Chain of Title As

a

home

changes title

is

gets

passed

ownership

developed.

missing,

that

insurance errors

in

can

can

down

with If

a

a

new

link

in

cause

protect

documents

through

a

purchase,

the

chain

problem

name

the

is

from

or

chain

broken

during

homebuyers

or

inheritance

or

closing.

breaks,

of Title

such

as

omissions.

Incorrect Legal Description Every

property

has

local

court

home

dimensions,

property.

system.

can

Even

and

a

disrupt

protects

recorded

It

and

any

the

an

that

simple

legal

includes

Sometimes,

description, time.

a

permanent

can

home

if

is

of

this

in

the

rather

process. happens

the

boundaries,

headaches

“east”

in

outbuilding

made

cause

buying

homeowners

specific

error

typo

description

the

legal

at

than

Title

on

closing “west”

Insurance

too.

Foreclosure Issues Buying

a

foreclosed

homebuyer. wrench

in

notified away

all

issues

closing

parties, the

is

with

title

is

be

title

to

The

may

owner,

an

often

a

present

process.

the

important

common

can

original

Working

agency other

the

from

issues.

But

property

or

that

lender

not

may

title

for

of

a

a

not

been

chain

have

taken title

insurance

foreclosure

problems.

deal throw

have

other

experienced tackle

big

issues

or

Construction Liens Home

improvements

decks

to

constructing

projects

are

common

Unfortunately, suppliers the for

in

some

full

property any

occur

—

of

new

before

the

top

rest

5

of

outstanding

common

the

an

on

a

homeowners

stress

delays

the

and

unnecessary

process, financial

their

pay for

on

these

home.

their

a

lien

should

be

against done

including

problems

potential in

search

liens

porches,

sell

don’t

adding

ones.

title

country

From

opening

thorough

construction-associated These

people

contractors A

day.

screened-in

leaving

itself.

types

every

occur

in

Florida

basis

—

causing

regular on

closing

inflicting

pressure

day,

placing

increased,

and