Colony Title Associates

Things You Should Know About Property Encumbrances

When looking to buy property, there are several things you should look out for. One of these things is property encumbrances. A property encumbrance is a legal right to property, and while it doesn’t prohibit one to pass title unto a property, it DOES decrease its value.

Make sure you know of any property encumbrances that may affect title transfer.

Obviously, decrease in value is bad. So how do you know if there are property encumbrances on any property you’re looking at? We’ll explain below.

The Types of Property Encumbrances

Not only should you know what a property encumbrance is, but you should also know the different types, and how they affect the transfer of a title. Let’s begin:

With so many types of possible property encumbrances, you want to make sure you know ahead of time if any of them affect the property you’re interested in, or may cause issues with transferring the title.

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years of experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, such as property encumbrances, feel free to contact us at 410 884-1160 or visit today!