A property may look ready to sell, but its public records can sometimes tell a more complicated story.
Before closing, a title search helps identify matters that could affect ownership or the transfer of the property.
Liens Connected to the Property
An outstanding lien can potentially prevent a property from transferring with clear title until the issue is addressed. Liens may be connected to mortgages, taxes, judgments, or other obligations.
Problems With Previous Documents
Recorded documents are not immune to mistakes. An incorrect name, missing information, or another recording problem may require attention before closing.
Questions About Who Owns the Property
Ownership can become more complicated when estates, heirs, divorces, trusts, or previous transfers are involved.
A title search helps trace the property’s ownership history and identify questions that may need to be resolved.
Unpaid Taxes or Assessments
Outstanding property taxes or certain assessments may also appear during the title process and need to be handled before the transaction is completed.
Restrictions Affecting the Property
Recorded easements, restrictions, or other matters can affect rights associated with the property. Identifying them gives buyers important information about the title they are receiving.
Addressing Problems Before They Become Surprises
The earlier a title issue is discovered, the more time the parties may have to determine what is needed to address it.
Have questions about a title issue or upcoming real estate closing? Contact Clarion Title Company. Our team is here to help you understand the process and navigate the path toward closing.