"Are you really the owner of that property? Make sure you don't have title problems."

In a perfect world, you could search for a house, pay for it, and move in the next day with the assurance that no inconvenience will arise. But in reality, title problems exist, and you must anticipate them to avoid future complications.

What is a property title?

A property title is the document that certifies to the authorities that you are the new owner of a property. This way, you will support the legitimate possession of the house and protect yourself legally against any eventuality that may arise.

What does the title search process entail?

This process involves a title company or lawyer analyzing public records to ensure that no lien affects your rights as a buyer over the property you are acquiring. This search is mandatory for any real estate transaction requiring title insurance.

Where can you conduct a title search?

Title searches are primarily conducted at the county clerk's office or in the municipality where the property is located. Various sources of information are reviewed, including:

Deeds.
Property records.
Tax liens, both federal and state.
Property surveys.
Divorce and inheritance cases.
Construction liens.
Bankruptcy court records.
Judgments.

Once all this information is gathered, a report revealing any potential issues is created. This process typically takes between 10 and 14 days but may be extended if the property is old.

What happens if problems are found?

Some of the most common issues found in property ownership are:

Chain of title break.
Incorrect legal description in the deed.
Liens.

Fortunately, Title Companies provide guidance and services to address any issues that may arise during the title search process. This may include correcting errors in deeds, resolving legal claims, or liens, among others. Real estate agents can provide guidance on the process and recommend reputable title companies, but effective resolution of title issues usually falls under the responsibility of these companies.

If you're interested in learning more about this topic and acquiring a property without issues, feel free to contact me. I'm here to help you find your ideal home.