Category: Title
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Solving Title Problems for a Home with a Previous Foreclosure
A foreclosure usually means a previous owner fell into default on the mortgage. When there’s an unpaid mortgage debt, the lender can put a lien on the property, and ultimately claim the property itself. Foreclosures can also happen due to a neglected tax lien, or some other kind of lien. But there’s just one question…
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7 Common Title Problems in Real Estate Deals
When you tour a home, a big question is whether “what you see is what you get.” Appraisers, home inspection professionals, and title companies help offer the answers. Through the title search, ownership of the land in traced back in time, showing current legal ownership, easements, and any notable issues. Until the moment the…
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Owning a Co-Op: Different From Traditional Real Estate
A co-op is different—and maybe it’s perfect for you. But if you opt to live in a co-op, will you hold the title to your home? Here’s how it works.
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Property Title? Deed? What’s the Difference?
When you buy a home, you receive the deed. And you hold title. The deed and title are interrelated yet distinct concepts. Title refers to ownership, including the legal right to possess and use a parcel, the right to exclude others from using it, and the right to transfer your interest to others. If you do transfer your property to…
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How to Prove Ownership of Real Estate
You own real estate. If you’re asked, how do you show proof of your ownership? Essentially, the proof is in your property’s title history. This means: Your ownership interest is only as good as the interest conveyed to you by the last owner; and Others could have dibs on your property, if you used it…
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How a Lien Affects the Real Estate Title
Many people have liens on their real estate. Consider your mortgage—a lien that leverages the home as collateral for your mortgage loan. Other liens, too, can show up in a title search. Homeowners should know what kind of liens might attach to a home they already own, or a home they’d like to buy. Here, we review the basics of home liens: types…