What Does it Mean to Have Clear Title?
Having clear title to a property is a crucial part of any transaction between buyers and sellers. What does it mean to have clear title, and why is it important? Definition of clear title A clear title in real estate means that the owner has unrestricted ownership of a property. The property is not subject […]
Brush Up on Your Legal Terminology to Secure Your Property Rights
When you buy a home you may expect that you have complete freedom to do what you want with the property, that’s likely not the case. You will probably discover an encumbrance, or limitation, legally imposed upon you regarding its use. In other words, an encumbrance is any claim or interest held by someone other […]
Real Estate 101: What Does a Title Company Do?
One of the biggest players in any real estate transaction is the title company. The title company serves multiple roles, all of them crucial to the closing process. Primarily, title companies exist to protect the parties involved, particularly the buyers and their mortgage companies. Here is what you need to know. A title company issues […]