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Title Disputes and How to Resolve Them
Posted: Dec 21, 2017
A title of the property is a legal document that gives a person the right to use the property. They can live in it, modify it to their liking, transfer a portion of it to different people, or sell the property to a new owner if they have a title. The title owner isn’t allowed to transfer or sell property that’s not covered by the title so if it covers the main property but not a piece of wooded land behind it, the owner can’t sell that land as a part of the property.
How do title disputes arise?
You can’t use, alter, or transfer property that you don’t legally own or don’t have exclusive rights to. Most title disputes involve contention of this ownership and rights, and will need time, effort, and money to resolve. Here are some of the common disputes:
- The previous owner sold a property they didn’t have exclusive rights to.
- The property is mortgaged and the previous owner sold it without clearing or transferring the mortgage.
- The previous owner hasn’t paid property taxes.
- The seller shares ownership with other parties and hasn’t gained consent to sell the property from them.
These liens and other such problems can be a hindrance to complete ownership, which is why it’s necessary to have the property thoroughly inspected before purchase. An expert in resolving title disputes in Siloam Springs AR can help ensure the property is free and clear for your use.
How to resolve this dispute?
You can hire title investigators and lawyers to help with this situation. They have experience in resolving title disputes Siloam Springs, AR and are familiar with local laws regarding property titles. Here’s how they can help you:
- Experienced lawyers and title investigators will find the title documents of the property and investigate them thoroughly to determine if there are any liens on the property.
- They will check if there are any disputes involving property boundaries or ownership registered.
- The lawyers will also help clients gain title insurance to protect their interest in case any dispute or problem slipped through the cracks during the investigation.
- They’ll examine the sales agreement to ensure the seller isn’t selling any property they don’t have legal right to.
Title insurance is the best way to protect your interests so it’s a good idea to invest in it even after you have thoroughly investigated the property’s title. The insurance will cover the cost of any dispute that emerges after the purchase and help you retain ownership of the property you pay for. An experienced lawyer will help you find the right title insurance for your requirements.
It’s a good idea to hire an experienced title investigator or lawyer before you purchase a property. Resolving the issue is very difficult and very expensive if you purchase it without legal advice or without investing in title insurance. Hire a lawyer with experience in resolving title disputes Siloam Springs, AR so you get the best possible advice on the matter.
The author is an expert to resolve any kinds of title disputes. She has penned down to write the article to make people aware of diverse ways of resolving title disputes Siloam springs ar.