Thursday, June 12, 2014

Title Defects Can Haunt Transactions

Title Defects Can Haunt Transactions
Property records hold the key to ensuring a clear title conveyance and reducing the riskof buyback or inability to foreclose. Title defects have become a major cause for concern within the real estate market in recent years, “which some feel cause wrongful foreclosures and others feel contribute to stagnation of what would otherwise be a smooth transition of assets within the secondary market. Other common problems surfacing are previous liens and other encumbrances that have not been removed; the title needs to be free of encumbrances to be marketable. Things You Might Not Know About Title Insurance:

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