Property Titles

First-time homebuyers often believe that the process of assuming ownership of their new house is as simple as signing a few documents and having the keys handed over. However, once you have been through the closing process, you understand how complicated the issue of home ownership conveyance actually is. A major contributing factor is the complexity of property titles and their transfer. Why are property titles so important in the conveyance of property from one owner to another? Because titles determine whether any third party might have a justifiable legal claim on the property. In order to ensure a smooth and legally compliant transfer, it is in the best interest of all involved parties to conduct a comprehensive title search before finalizing the transfer of ownership on a property. Although the Internet has made some title information available to the public, most experts continue to advise that professional title search firms conduct the pre-sale search. This helps to ensure that there are no other claims or liens on the property that could supersede your ownership claims and result in you losing control of your new home.

Fast Facts

  • A quitclaim deed is a document in which someone who might have a legal claim to a property denounces their ownership stake and passes all rights to a subsequent owners.

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