A clear title is absolutely paramount for transactions concerning real estate. And yet, many buyers don’t know how important a clear title is and what a title agent does.
A defective title means that your ownership of the property could be invalid. Hence, you will need a good title agent to ensure that your title is perfectly valid so that there will never be a legal challenge to your property ownership in the future.
What Is a Title Agent?
What is a title agent? A title agent can give you complete peace of mind by providing you with a proper title that will make you the legitimate owner of the property you are buying. A title agent makes sure that there are no pending legal issues that could get in the way of your title to the property of your dreams.
What Is a Title?
But what exactly is a title? ‘Title’ implies legally recognized ownership. When you have a title to a property, you have the legal right to own and use the property in question. Title also refers to important legal documents that outline the ownership history of the property as well as other vital details like the property’s perimeter lines, permissible usage of the property and other critical legal matters.
Proper documentation is necessary to prove ownership of property. You cannot claim to be the owner of a property by virtue of residing in it. Millions of renters in the US stay for years in the same residence and are yet not treated as actual owners. You need the proper title and the right documents to prove ownership.
This is where the title agent comes in. The title agent is your best friend for valid real estate transactions. With a trustworthy title agent at the helm, you can be certain that the property you are purchasing does not involve legal problems and that your title to the property is perfectly valid. Not having the right title can mean expensive lawsuits that can take their toll on your finances and wellbeing. You could even end up losing the property on the grounds of a defective title.
Many property buyers do not realize threats to their title and their ramifications. Cybercriminals use email hacking to fraudulently divert funds for the transaction to criminal accounts. Your title agent can ensure secure email communications by using the latest information security technology.
Title Agent Services
A title agent can assist you throughout the real estate transaction. Your title agent will inform you about all legal matters you need to be aware of for closing the deal. The title agent will guide you through all steps of the sale and maintain open communication to keep you in the loop. Great customer service and experience is a top priority for title agents.
The title agent could point out legal issues that you should pay strong attention to and remediate immediately. This will help you avoid a lot of headaches and legal challenges to your property in the future.