5 Common Title Problems in the Home Buying Process
SOURCES: https://artesiantitle.com/ https://www.bntc.com/top-5-common-title-problems/
Existing Liens Unpaid sale
liens
and
one
purchase
Homeowner existing
are
of
the
need
to
persistent
homes
Association
monetary
property
of
across
fees
to
be
the
tax
responsibilities discovered
challenges country.
liens,
any
a
the
From
potential
associated
with
in
with
thorough
a
title
search.
Breaks in the Chain of Title As
a
home
changes title
is
gets
passed
ownership
developed.
missing,
that
insurance errors
in
can
can
down
with If
a
a
new
link
in
cause
protect
documents
through
a
purchase,
the
chain
problem
name
the
is
from
or
chain
broken
during
homebuyers
or
inheritance
or
closing.
breaks,
of Title
such
as
omissions.
Incorrect Legal Description Every
property
has
local
court
home
dimensions,
property.
system.
can
Even
and
a
disrupt
protects
recorded
It
and
any
the
an
that
simple
legal
includes
Sometimes,
description, time.
a
permanent
can
home
if
is
of
this
in
the
rather
process. happens
the
boundaries,
headaches
“east”
in
outbuilding
made
cause
buying
homeowners
specific
error
typo
description
the
legal
at
than
Title
on
closing “west”
Insurance
too.
Foreclosure Issues Buying
a
foreclosed
homebuyer. wrench
in
notified away
all
issues
closing
parties, the
is
with
title
is
be
title
to
The
may
owner,
an
often
a
present
process.
the
important
common
can
original
Working
agency other
the
from
issues.
But
property
or
that
lender
not
may
title
for
of
a
a
not
been
chain
have
taken title
insurance
foreclosure
problems.
deal throw
have
other
experienced tackle
big
issues
or
Construction Liens Home
improvements
decks
to
constructing
projects
are
common
Unfortunately, suppliers the for
in
some
full
property any
occur
—
of
new
before
the
top
rest
5
of
outstanding
common
the
an
on
a
homeowners
stress
delays
the
and
unnecessary
process, financial
their
pay for
on
these
home.
their
a
lien
should
be
against done
including
problems
potential in
search
liens
porches,
sell
don’t
adding
ones.
title
country
From
opening
thorough
construction-associated These
people
contractors A
day.
screened-in
leaving
itself.
types
every
occur
in
Florida
basis
—
causing
regular on
closing
inflicting
pressure
day,
placing
increased,
and