When you prepare to purchase a new home, you will likely hear discussions about property title searches from the realtor or your real estate attorney. This is something important to listen to and understand so that you do not come across any issues down the road. Let’s take a look at the most common issues with property titles.
One of the most common and devastating issues with a property title involves liens. Liens might have been placed on your new home because of unpaid bills or other issues from the previous owner. Even though you are a new owner, the liens will still be placed on the property until they are resolved.
Survey disputes with neighboring homes could also crop up with the title to your property. There might have been multiple surveys conducted of your property prior to the purchase. After signing the paperwork, more surveys could wind up in your hands that show different property lines. This could cause serious disputes with neighbors.
An error in the public record could be costly for your financial situation. Everyone makes mistakes and it’s not uncommon for a clerk or other professional to improperly record the deed or title to a property when filing it with the county where you own the home.
Purchasing a home that used to be owned by someone who wasn’t who they claimed to be can cause you an incredible amount of stress and problems with your home’s title.
Preventing issues involving the title to a property you just purchased is best done by purchasing title insurance. Your realtor or real estate attorney will be able to assist you in the property title search and protecting your new home from any title issues in Fort Lauderdale.