Finalizing a home sale is never a simple process. The process takes forever. Sometimes, the delay is due to a poorly conducted title search in Boca Raton, delay in verification of the property title, and the like. Closing delays can be avoided on many occasions if a property title search is conducted in a timely manner.
But what is a property title search? Well, a property title search signifies the owner of the house. Any person having their name on the document has the right to sell the house. If the owner happens to have liens on their property, they cannot sell the property without settling the liens.
Any person who does not have their name on the documents cannot sell the house. Suppose a 20-year-old college student happens to have their name on the documents, and their parents attempt to sell the house in their absence. Are they legally allowed to? No, only the student can initiate the sale.
Property title search in Boca Raton entails looking for documents pertaining to a particular property. A property title may not include all the necessary details related to liens on the specific property. If you do not search for the relevant information, you may end up investing your savings in a defective property title. You must understand the property you are purchasing may have had numerous owners in the past. At times, apart from the owner, their family members also make claims to the house. So, avoid any surprises by opting for a property title search.
A title search will enable you to uncover the details and records associated with the property you are willing to purchase. It will reveal anything that the owner was attempting to hide from you. You would not want to learn these details later on, would you? You should be cautious when investing in a property.
Now, when is a property title search conducted? It is conducted when a buyer expresses interest in buying the property, pays, but doesn’t receive the ownership rights of the property.
If you want to get a property title search conducted, reach out to us at Capital Abstract & Title.