Smooth Transitions: Navigating Title Issues and Successfully Selling Your Property to Cash Buyers with Clear Steps

What Are the Most Common Title Issues?

You must first recognize title difficulties before you can learn how to resolve them. Here are some of the most frequent issues you may encounter with your title.

Liens

A lien is placed against your house when it serves as security for a debt or other obligation. A mortgage is the most typical type of lien, but you can also get a lien for unpaid federal, state, or municipal taxes or outstanding obligations to contractors. The lien gives the other party the authority to foreclose on your home in order to repay the debt. You may believe that you are safe because you simply have your mortgage and your taxes are updated, but this is not always the case. 



Previous owners’ liens can be placed on the property, only to surface later and surprise you. Liens can also take the form of judgments, which are court-ordered documents received from unpaid creditors or a parent requesting child support. These agreements put liens on property, and the only way to get them removed is to repay what you owe.

Missing Heirs 

If the previous owner of your home died before selling it, you may face heirs who come forward claiming the right to the property. These heirs may have gone unnoticed or gone missing when the owner died, but they may have a licit claim to the property based on bloodline or other paperwork.

Errors in Public Records

People are not perfect, and mistakes happen, even when documenting facts regarding a house’s deed. A clerical or file error may appear tiny, but correcting it might take a long time. Performing your title search in advance allows you to address these issues. 

Disputes over Surveys and Boundaries

Before you sell my house fast Conway, AR, make certain that the property’s borders are well established. If there is a disagreement, you may need to conduct a survey to define it better and more precisely. The future owner of your home will need to know where the property line is.

Identity Issues

If you have a common name, you can be confused for someone else who is on trial. For example, if someone in your neighborhood has the same name as you and is hauled to court for unpaid child support, the judge may mistakenly file a lien against your property. To fix this title issue, you must complete an identification affidavit. Similarly, if your name is similar to the prior owner’s, you may face charges of “falsely impersonating” the previous owner. 



You might believe you’re secure here because you don’t have a common name, but the prior owner could have caused this problem. If the title search reveals that the home was sold to you by a fake owner, you may lose your property entirely.

How to Deal with Common Title Issues

If your due diligence reveals a title problem, you must resolve it before you sell my house fast Searcy, AR. Some minor concerns can wait until closing, but others, particularly name identity issues or human errors, require more time and forethought. You must be able to obtain the required documentation to support your claim to the residence. The good news is that you don’t need to learn how to resolve title issues by yourself. 

You can start the process by picking a title company.

Selling a Property with Title Issues

Select the Best Title Company to Work With

This is a critical decision and investment plan to think about. Choose a company that is available for consultation, easy to work with, and proactive when it comes to title issues. You should look for a new title company if you constantly find yourself interrogating your existing title firm about the status of real estate transactions instead of them reporting directly to you. It is vital to pick a buyer who has been working with reliable title businesses that assist clients with title issues for many years. 

Consult an Experienced Real Estate Attorney About Your Situation

If you’ve recognized the issue or issues with your title, the next step is to consult with an expert real estate attorney to figure out how to fix them. When selecting an attorney, be sure they have experience in these areas and a track record of success both in and out of the court. You can pick a cash buyer with an in-house real estate attorney who is well-versed in title difficulties.

Sell Your Home “As-Is”

Selling your house through a realtor requires you to conduct repairs and replace appliances. However, if your home is in a bad state, required repairs might cost you a lot of money. “Smaller-scope repairs can take as little as a day or two and would just require you finding a handyman that you trust to get the work done,” says Nathaniel Hovsepian, real estate investor and founder of The Expert Home Buyers. “Larger repairs or upgrades can take weeks or even months, and would require you to devote some more hands-on time to finding a contractor you trust and then staying on top of them to make sure the work is getting done.”(1)

Working with cash home buyers is ideal if you want to sell your property without any hassle. These buyers understand the complexities of purchasing a home with a variety of challenges, including title issues. They have in-house attorneys and title companies that have assisted sellers in resolving challenges. When you call these buyers, they will offer you a free property analysis and a competitive cash offer. If you accept the offer, they can close in 5 to 7 days or on a date that is convenient for you.