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When you purchase an investment property, it is extremely important to perform a title search, or a thorough examination of public records to determine and confirm a property’s legal ownership. Typically, title searches are performed in preparation for closing. However, we recommend consulting a title company or attorney early on in the buying process to find out as much information about a potential property as you can. We have closed over 5,000 loans for real estate investors, and have seen our fair share of title problems derailing loans late in the process. Here are the six most common title issues we have seen:
Clearly, title can be extremely complex, which is why we always recommend working with professionals who can guide you along the process. To learn more about title, see our Title Page.