Buying A House? Two Reasons Why You Must Get The Title Checked

If you're in the process of buying a house, you likely have a lot on your plate.  There are a number of details to take care of and you may be so eager to move into your new house that you're just focused on clearing up your to-do list so you can get settled.  However, there's one activity that you definitely want to take the time to complete:  A title check.  It is absolutely imperative that you have a thorough title check done for a number of reasons.  Use this information to learn more about why a title check is an absolute must-have when buying a house.  

A Clean Title Prevents You From Being Financially Responsible

One of the main reasons why you should have the title of the house checked is because it is the key to helping you avoid becoming financially responsible for someone else's liabilities.  This is important for many different reasons.

For example, the person who owned the home before you may have had some renovation work done on the property.  If they failed to pay the contractor who completed the work, the disgruntled worker could have placed a lien against the title of the house.  This means that they have a stake in the property and it's no longer under the sole ownership of the person who used to reside in the house.

If you buy the house before the lien issue has been resolved, you assume automatic liability of the debt.  Finding out about this after moving into your house can be devastating, which is why it's so important for you to perform a thorough title check before you sign on the dotted line.

A Title Search Helps You Avoid A Fraudulent Sale

Another reason why you should have the title searched is because it can help you avoid getting involved in a fraudulent sale.  The last thing you want to do is transfer mortgage funds over to someone else only to find that they were never the rightful owner of the home to begin with.

When you have the title searched, you are essentially making sure that the person who is selling you the house actually owns it.  This will ensure that it is indeed a legal sale.

Getting the title searched when buying a house is a very sound decision.  Don't wait; contact a real estate title service in your area today so you can enjoy these great benefits.