When purchasing a piece of real estate, you will go through many steps in order to obtain title to the property. This isn’t the physical aspect of ownership, such as a deed, but rather a legal concept that gives you the rights to your new home. When you take title to the property, you want…
Title insurance can play a critical role in guarding against losses when buying a property. Whether you’re buying a home or investing in a commercial property, title insurance can protect this major investment. Although policies vary, title insurance often covers losses that could otherwise result from such title defects as: Liens Ownership disputes Encumbrances Public…
As you go through the home-buying process, your title company will do a title search and offer you title insurance. These two things go hand-in-hand and are a very significant part of any real estate transaction. But what is a title search looking for? And what is title insurance all about? Let’s take a look…
It is not at all uncommon for commercial real estate transactions to be complex. These properties have usually been around for a while and have likely changed ownership several times, undergone renovations and zoning changes, and had many different mortgages along the way. All of this activity increases the chance that something may interfere with…
