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We Handle All Tri-County Purchases - Tax Sales or Auctions
Residential - Commercial
Free Initial Consultation - Call Today 1-888-THAVRYKE (842-8795)
What is Title?
Title describes the rightful ownership of
property. When you purchase a home you are
purchasing title to that real estate. Other
individuals or entities could have claims
on the property you’re trying to buy.
There could be unpaid mortgages or liens for
unpaid taxes filed against the property, for
example, that “cloud” the title,
and prevent you from receiving “clear”
title to the
property.
One of the costs of financing your home purchase
is likely to be a title search initiated by
the lender. The lender will arrange for an
attorney or an abstract or title company to
search all the public records for any documents
or instruments that relate to the property.
Generally the seller is responsible for correcting
any defects - removing any “clouds”
- in the title so that he or she can convey
good title to you.
Your lender may require you to purchase title
insurance in order to insure against loss
should the title prove defective in some way.
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