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Find a Property Title Search for Free With the Help of a Professional Lawyer
When you have decided to purchase a house or land and you want to be sure that the title of your real estate is free from any defects. The legal term defects mean that if anything is attached to the land like the person’s right could affect the use of your land or may decrease its value. Therefore, it is advised to get a preliminary search for your property when you are going to purchase it, but don’t rely on it only. Conduct your own property title search. You can also hire someone but it will cost money.
What is a Title Search to Property?
If you have ever purchased a house then the term “title” and “deed” may sound familiar to you. The title to the property refers to the right of the owner who can exercise over their property. The owner can access his property and may sell or transfer it to any other party under the title rights. It also enables him to enjoy & use the property the way he wants. Title Search is the process of reviewing files from the county records department to check the title’s ownership history. This search is usually conducted by the commercial agent such as the real estate attorney or title company. The agents may examine the following types of records:-
· Deeds,
· Court records
· Property indexes,
· Name indexes,
· Another kind of real estate documents,
What is the Purpose of Title Search?
The purpose of the title search ensures the seller that he is the actual legal owner of the property that is being sold. It also ensures that the title has not defected and will not reduce the value of the land or will not subject the buyer to some legal liability. The things that may cloud a title or may defect it includes the following:-
· If a property has a mortgage, or unreleased lien attached to it,
· If there are pending probate issues related to property,
· It the home is a part of the foreclosure action,
· If the title is forged or fraudulent,
· If the title is forged or fraudulent,
· Other documents could make it questionable,
WHEN SHOULD I HIRE A LAWYER FOR TITLE SEARCH?
To purchase a real estate is a significant investment that can cost a lot of money to a person. Therefore, the title of the acquired property is one of the most necessary document as it affects the ownership of the buyer and the rights as well. So, if you are looking forward to availing a real estate property or home then you must contact a legal lawyer for a title search. An attorney will help you to conduct the title search for the property that you are investing in. This will minimize the risk involved in the purchase of the property. However, if you face any issues with the title once you have acquired the property then you need to hire a real estate attorney. The law is very complex and often changes so to get the legal advice you should consult the lawyer near your location.
Source by :- https://bit.ly/3bd2HKt
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Best property lawyers for west India
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