Even though you may think that the property you just purchased is yours, the reality is that it might not be. In fact, depending on the public records,there could be an issue that may affect your home’s title. A title search is almost always completed to ensure that everything runs smoothly and the sale of the property is perfect. Here are just a few unfortunate ways that an error in a public record can really affect your home’s title.
Improperly Filed Documents
The worst thing that could happen when you buy a home is not paying more for it, it’s unknowingly stumbling into a minefield of issues when it comes to title. In fact, improperly filed documents are actually more common that most people might think. Whenever you encounter an improperly filed document in the real estate process, there is no doubt that you’ll end up with a massive headache at the end of it all. However, by having title insurance, you are able to pay the necessary costs to fix the issue. As a result, you get the peace of mind knowing that no one out there can claim ownership of your home.
How You Can Avoid Errors In Public Records
Completely avoiding errors in public errors is virtually impossible. In fact, buyers have absolutely no control whatsoever about any past occurrences with the property they are purchasing. However, an owner’s title insurance policy will always protect the property interests of the owner. This insurance can cover both the legal as well as the certain actual loss that you may end up dealing with throughout the process.
A Title Insurance Company You Can Trust: Colony Title Associates
At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy and sell your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, LinkedIn, and Google+.