Contact us to learn how we can help
It can be a daunting task to figure out what to do with a home you’ve inherited, especially if you’re not familiar with the property. There might be all sorts of unknowns, and things can go wrong. One issue you might face is title problems.
In this blog post, we’ll explain what title issues are and the most common ones. We’ll also give some advice on how you can get your title fixed. Read on to learn more!
When real estate is transferred from one person to another, a title search is done to make sure there aren’t any problems with the ownership of the property. Title issues arise when there are problems with the ownership of the property that prevent the sale from going through. Here are the most common ones:
Public record errors often refer to spelling errors or slight variations in the title details. If there are any errors or omissions in the deed, they will need to be rectified and the deed resubmitted before closing can occur.
If the seller has unpaid taxes or debts, whoever they owe the money to can put a legal claim of ownership on the title of the home, known as a lien. This lien stays in place until the seller repays their debts. If the seller shares a name with somebody else who has unpaid debts, then a judge could file this same type of error against their property.
If the home’s property lines are not well defined, a neighbor or public entity may try to claim partial ownership of the land. This is likely to happen if the house is too close to another person’s property or near public land.
A previous owner may have documented their title illegally, such as if the deed includes an undocumented immigrant, a minor, a person of unsound mind or a married person who claimed to be single.
A dispute might come up if the owner of the house dies before selling it. If some family members were not present when the person died, they could later claim to own the property or argue against what is written in any will that is discovered.
There are different options to get your title fixed. You can work with a title company or an attorney to get the issue resolved. You’ll need to provide them with documentation, such as a copy of the deed, and they’ll work to clear up any errors or omissions.
A title company will research the property to make sure that everything checks out. When you’re selling or buying a home, They guarantee that the title is legitimate and that there are no defects. They’ll also provide title insurance as protection against any issues that might come up in the future.
Turning to a lawyer for legal support is always a good idea. A real estate attorney, also known as a closing attorney, can help with any title disputes that come up – like ownership or boundary disagreements, a will contest, or even a lien on the property. If public documents have errors, an attorney can resubmit them so they’re correct.
After all the inconveniences you went through is no surprise if you want to put your inherited home for sale. Lawyers and title companies can charge expensive rates for their services. If you’re thinking about “selling my house fast,” a home buyer company can be a great place to start. Home buyers are companies that buy houses in any condition or situation.
With them, you won’t have to deal with real estate agents, title companies, or any other hassle. They will take care of everything for you while giving you a fair price for your home.
If you’re dealing with a complicated house title or you just want to get rid of your property as soon as possible. Wyohouses is your best option. We’re the best home buyer in Laramie, WY. We provide cash offers for your property in 48 hours approx, regardless of its condition or situation. Our main goal is to take the heavy weight off your shoulders by buying your property quickly and easily.
Don’t wait any longer, get in touch with us today, and let’s get started!
We are a local real estate company with deep Wyoming roots.
The reason we are Wyoming’s number one home buyer is because we do things right, focusing on integrity and building quality relationships within our community. Our number one goal is always to find honest solutions to homeowners problems, whether that be selling quickly or just making selling your property hassle free.
Website Design & Digital Marketing By Hite Digital