Confirming land ownership is vital for anyone looking to purchase property. This process is often managed by a title company, an independent abstractor, or the prospective land buyer’s attorney.
An investigator will look through years of property documentation during a title search to identify potential issues. These include outstanding liens, problems with deed documents, and unresolved ownership claims.
Accuracy
Whether buying or selling property, having an accurate land title is essential for both parties. A land title company will review property records and escrow documents for issues affecting the title’s validity. They will also verify the property’s boundaries, legal descriptions, and easements.
A thorough title search can uncover hidden problems with ownership, such as unresolved tax liens or recorded covenants that prevent the sale or transfer of rights. It can also help a prospective purchaser or land owner understand more about the land’s zoning restrictions and environmental conditions.
A land title Buford GA company can order a survey or drawing of the property’s borders to discover potential encroachments. If there are any encroachments, the land title company will notify both the buyer and seller of these issues so they can take steps to resolve them. They will also examine the paper quality of a land title document to ensure it’s authentic.
Reliability
A land title is a legal document that confirms property ownership. It is often used in real estate transactions and to secure mortgage loans. However, acquiring a land title is complex and requires careful research.
A thorough title search can uncover issues affecting a property’s value. For example, it can reveal liens, work agreements, encroachments, and recorded covenants. This information can prevent unsuspecting buyers from taking on liability for unresolved land ownership disputes.
A title company can also verify the boundaries of a property, as well as its legal description. It can also check for a legal survey, a property map, and its dimensions. A quality survey can help resolve boundary disputes between neighbors or local authorities. It should be printed on high-quality paper, such as a judicial form, with a watermark and security features visible under a light.
Timeliness
Land title services are a critical part of the property buying process. They help buyers make informed decisions, simplify the transfer and closing process, and resolve issues hindering ownership. These issues include outstanding liens, unresolved deed documentation, and recorded covenants.
A thorough title search will identify these issues before they become problems for new owners. In addition, a title company will order a survey of the property and a recording of any encroachments on the parcel. These encroachments are often the result of construction by the previous owner and can have severe consequences if not addressed.
Title companies can also help with a property’s boundary disputes, building bylaws, and recorded covenants. These documents are vital for new homeowners as they can significantly impact the property’s value and ease of sale in the future. In addition, they should be verified efficiently during the title process to avoid delays and expensive litigation in the future.
Cost
Land titles are a legal certification that details a property’s ownership information. They are essential for transferring property rights and ownership and play a significant role in land contract negotiations and disputes. While it is possible to search for a land title on your own, it is often better to leave this task to professionals with public records experience. They can save you time and effort by quickly finding the proper documents.
A land title search thoroughly reviews years of property documentation and helps identify potential issues. These include liens, problems with deed documentation, and unresolved ownership claims. In addition, a land title search can reveal restrictions on property use and encroachments. It can also verify the legal description of a property and easements. Finally, it can confirm that the property is free of encumbrances. This is a critical step to avoid any future complications. It also reduces the risk of losing money if a land purchase needs to be completed correctly.
