The people who do title searches have an extremely important job. They must ensure that the sellers really own the property being sold and that all liens against the property are being paid off as a result of the sale.

If the seller has had financial difficulties, for instance, and didn't pay his bills, there may be judgments that must be satisfied on or before the closing. Someone in addition to the party who signed the sales agreement may have an interest in the property. If so, it will be necessary for that person to sign the sales agreement and the deed that transfers ownership to the new buyer. The preliminary title report will also show any easements that run with the property. The Title Company will go back many years, examining what is called the "chain of title". If you learn that the property you are buying has title problems, don't panic. Most of them are resolved easily and in plenty of time to avoid delays in the closing.

	See All Tips In The "Titles" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Mike Kogler Team
Long & Foster Real Estate, Inc.
37156 Rehoboth Ave., Ext.
Rehoboth Beach, DE 19971
302-236-7648
Fax: 302-227-8165
michaelkogler@NUMBER1EXPERT.com

www.iluvrehoboth.com is brought to you by Mike Kogler TEAM
NUMBER1EXPERT™ in real estate for Rehoboth Beach, Lewes and Bethany Beach, Delaware, Waterfront, Ocean Front, Luxury Properties

Read Mike Kogler TEAM's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge