Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Buying vacant land
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="skeene482" data-source="post: 4139832" data-attributes="member: 54448"><p>I am actually a manager for the closing side of a title company. Like many others say, I would highly recommend going through a title company, or at the very least get the abstract updated and have an attorney complete a title opinion. I am biased because I have to fix issue all day everyday and I can assure you title issues are a lot more prevalent than you would think. Our biggest issue we run into is deceased owners and the property not being sold property/legally. Even when probates are completed, they are often done incorrectly as they have a very strict guideline and timeline to follow. And just because grandma put the house to you in her will absolutely does not mean that individual has the right to sell the property unless it was left to them in a trust or by transfer on death deed. Liens and judgements also stick with properties. I have people purchase property on a quit claim deed that end up finding out there are $100K+ in tax liens against the property that was only work $40K, so you are taking a huge gamble with an "as-is" quit claim deed. I personally purchase title insurance on everything I have bought, but again, I am probably biased. If you have any questions I am happy to help. Good luck to you whichever route you chose!</p></blockquote><p></p>
[QUOTE="skeene482, post: 4139832, member: 54448"] I am actually a manager for the closing side of a title company. Like many others say, I would highly recommend going through a title company, or at the very least get the abstract updated and have an attorney complete a title opinion. I am biased because I have to fix issue all day everyday and I can assure you title issues are a lot more prevalent than you would think. Our biggest issue we run into is deceased owners and the property not being sold property/legally. Even when probates are completed, they are often done incorrectly as they have a very strict guideline and timeline to follow. And just because grandma put the house to you in her will absolutely does not mean that individual has the right to sell the property unless it was left to them in a trust or by transfer on death deed. Liens and judgements also stick with properties. I have people purchase property on a quit claim deed that end up finding out there are $100K+ in tax liens against the property that was only work $40K, so you are taking a huge gamble with an "as-is" quit claim deed. I personally purchase title insurance on everything I have bought, but again, I am probably biased. If you have any questions I am happy to help. Good luck to you whichever route you chose! [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Buying vacant land
Search titles only
By:
Top
Bottom