Sunday, October 25, 2009

Closing the Deal & Title Issues

After rarely dealing with Title Issues over the last 4 years (only 1 issue ever), I've had 4 transactions this month bitten with the Title bug. That is, some tricky dilemmas concerning delivering a clean title to the purchaser.

This was the case for 3 buyers that I represented and 1 seller. In half of the cases, the liens were never properly released from the original builder. Other issues included bankruptcy courts, boundary lines, and improper foreclosures. The key in resolving all of them have been open and honest communication, as well as knowledge of particular title companies' strengths and opportunities.

While its been a trying month (although very profitable) in many ways, I'll be a much stronger Realtor going forward for the experience!

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