When purchasing real estate whether a residential home or commercial property, both the buyer and seller hope for a smooth transition during the closing process. Unfortunately, this does not always occur and problems with the title make it difficult to close on a property in a timely manner. To ensure there will be no issues at the closing time, it is important for the seller to make sure their title is clear. They can accomplish this by hiring a company that assists with real estate title in St. Petersburg. To ensure that any issue with the title is cleared up before the closing day arrives.
Title Problems that Can Delay Closing a Sale
*A third-party such as a bank or other financial institute has a lien on the property.
*Mistakes that were made in the public records such as miss filing the deed, incorrect description of the land, or a misspelled name. The smallest error made with a title can create a substantial delay in closing on the property.
*The document has been forged and will require tracking down the right documents to correct the forgery.
*There is a dispute with the survey or boundary of the land.
*The property is an estate sale for a person that has passed away and heirs are missing that need to be contacted before the land is sold.
*There is a break in the chain of owners that can create problems later when a past owner or their family member tries to claim the land.
Achieve a Fast and Easy Title Transfer
When there are issues with the title on a property, it can become very frustrating for everyone involved. Especially when the land needs to be acquired quickly so the new owner can move in. We are dedicated to help our clients to ensure the title is free of any issues that can delay or prevent a real estate sale from being completed.
