Purchasing property is a complicated transaction that can leave many people searching for answers and confidence. It might be hard to find either, but there are valuable services that can guide you through the process while working to guarantee that your closing isn't interrupted by any unwelcome surprises. Understanding how to take advantage of these services is vital.
Below, you'll find a guide to some questions you should be sure to ask your title settlement service. Having these answers will put you in a position to confidently complete your real estate acquisition while simultaneously guaranteeing that you don't feel as though any part of the process was outside of your control.
Ask About Lien History
Part of title settlement is verifying that there are no outstanding liens against your real estate, but it's important to develop an understanding of those that may have existed in the past. Less than honorable actors may attempt to use past liens to establish future spurious claims, and it's vital that you have your timeline well established.
As part of the title search process, your settlement department will work up a full lien history for your perusal. In many cases, it's wise to take special notice of any government liens, as those tend to be the most at risk for miscommunications and misfiled settlements.
Ask About Communication
Working to close on a piece of property can often become a task that monopolizes your time and takes up all of your focus. If you're buying a new home for you and your family, that focus may somehow become even more intense, leaving you frustrated if you feel like the title settlement process is stalling.
However, those feelings often come from disconnections in communication that can be addressed with a little planning. Be sure to ask your settlement service about their preferred method and available time, and schedule regular meetings that will provide you with the peace of mind you desire.
Ask About Timing
As mentioned above, any delay in a title closing can become agonizing without properly aligned expectations. While no two real estate parcels are the same and yours may have unique challenges, an experienced title settlement service will be able to generate a reasonable estimate for how long it should take to complete their search. This can allow you to have confidence in your ability to meet a closing date, guaranteeing that you can enjoy your new property without delay.
For more information, you will want to contact a company such as Whitford Land Transfer.Share