The most crucial part of any real estate purchase is a title search to ensure that the property one is purchasing is indeed free of legal encumbrances. It verifies the ownership and shows whether there are any liens, claims, or other legal issues that may affect the transfer of ownership. AFX Research offers comprehensive, timely, and precise title search services to let you secure your investment with confidence.
A title search is an intensive examination of the public records where an individual ascertains the legal ownership of a property and finds out if there are any claims outstanding against it. Claims outstanding for a home include liens, tax problems, or even pending lawsuits, which are things that can impede the transfer of ownership. While these searches are technically possible by anyone, these operations are typically outsourced to professional companies like AFX Research.
A property with a clean title has no legal issues or claims, hence the owner can sell it by mere transfer. On the other hand, a dirty title is that which contains unsettled liens, errors in public records, or disputed ownership among others that prevent the consummation of the sale of the property.
At AFX Research, we pay keen attention to each and every title defect that may become a problem later on in the transaction. In this way, your purchase will be well-protected, saving you so much time and perhaps unnecessary litigation.
However, some problems cannot be revealed even with the best title search. That is where title insurance comes in. Title insurance protects both the buyer and the lender from problems that may surface after purchase, including fraud, unknown claims of ownership, or errors in the public record.
In AFX Research, title insurance is highly recommended as one of those critical safeguards to make sure that your investment remains protected even in case any unexpected issues appear after closing.
You need to do a title search when you buy a home, in order to ensure that you get a clean property without any outstanding legal or financial claims against it. AFX Research does detailed title searches by analyzing all public documents in respect of verifying ownership and discovering any liens, taxes, or other encumbrances that may defeat the sale.
Buying property with an unclean title can lead to financial ruin. Liens, back taxes, or judgments against the seller that are not recorded may cost more later on compared to an actual arms-length purchase of the property. That is where a good, credible company such as AFX Research comes in and checks everything out prior to the actual purchase being completed.
How to Ensure You're Buying a Clean Property No real estate transaction is complete before one is fully assured of the title being clean. At AFX Research, the detailed services involved in a title search go through public records and legal documents in pursuit of potential problems that might include unpaid liens, ownership disputes, or unresolved zoning issues.
It's peace of mind, knowing that you're buying a property that won't give you headaches in the legal sense afterward.
It is always important to conduct a title search in advance of the close of any property in order to protect your investment. AFX Research provides you with the necessary speedy and reliable searches to avoid costly surprises.
How It Saves the Buyer from Legal Issues
Arguably, title insurance is one of the most important protections one can have as a buyer of a home. Even when there has been an in-depth search of title, often there may still be problems that are hidden, unknown to either party, which come to the surface long after a sale has closed. Title insurance protects you from claims arising from past events, including but not limited to:
While it is possible to perform a title search yourself, the process is generally cumbersome and complex, as it requires access to various public records, deeds, and related legal documents. Most buyers hire professional services like AFX Research for effective performance.
A title search reveals all legal problems with the property in front of the transaction. Still, some problems may not be noticed. This title insurance protects you from those missed issues, covering legal fees and financial losses if any claims arise after you have bought the property.
When it comes to title search services, both speed and accuracy are paramount. With AFX Research, you get a thorough and detailed title report to ensure that your real estate transaction proceeds seamlessly with no unexpected delays.
Another important example of a title search is refinancing your mortgage. For the most part, lenders will need a new search to confirm that the property still does not have any liens or ownership disputes prior to granting the new loan.
Unlike other forms of insurance, which protect against future events, the title insurance protects you from claims based on past occurrences. Further, a title insurance policy protects you from court cases involving undetected liens, fraudulent claims against ownership, and more.
Environmental liens pose a huge problem in any transaction of property since they show cleanup costs or violations due to environmental laws. Here at AFX Research, we specialize in providing in-depth Environmental Lien Searches to make sure your property is risk-free.