ReSET Blog
Blog · May 29, 2017 · AUTHOR: Udi Dorner

The Importance of a Home Title Check

When you buy a new home, there are multiple documents that you need to be aware of. Of those documents, the title has to be the most important - this is something that will tell you all of the information that you need to know about the taxes, potential liens, and other conditions related to the property. Although the paperwork involved with buying a home may make your head swim, it’s important to look over the title, at the very least, in detail. This will save you a lot of hassle in the long run. Taxes These will show up as a primary lien on a home. They must be paid up before a house can be sold, however, as they are not transferable. Mortgage Liens These are generally listed in one, two and three, with the lender that financed the most listed first. They must all be paid in the order listed. If this is a short sale property, the lender(s) will have to agree to take a loss. Easements This shows who is able to enter the property, and this can only be amended if both parties agree. Title companies can amend and look at these anytime. Conditions, Covenants and Restrictions (CC&R) Conditions, Covenants and Restrictions apply if you bought a condominium. Be sure to read these thoroughly as you will have to make sure that you follow all the rules in the complex. Historic Oversights Read the title and make sure that the property is not part of a historic district or HOA neighborhood these oversights will prevent you from doing work on the outside to the siding or roof and you will need approval before adding anything to this property. The Last Word It is important that you, your realtor and the involved real estate attorney to look at this information thoroughly because you need to know the history of the property and everything that went on. You should also take some time to completely inspect the property to find out where all the important things are in the backyard, such as sewer or gas lines. Contributed by James Link SetSchedule has changed the way real estate marketing is viewed, by changing the way REALTORS® access clients and listing appointments. SetSchedule is a “first of its’ kind” exclusive membership based model that provides verified appointments, marketing tools, and elite invite-only networking events for its members. By blending new technologies, and thought processes with proven success methods SetSchedule had incurred record producing results unseen in the industry.

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