Handling real estate matters can actually get quite complicated. There simply is a lot more to it than putting up a for sale sign and accepting an offer. Details, paperwork and ensuring any legal issues are properly addressed can make dealing with real estate in Florida or elsewhere somewhat problematic. There are many different elements of a real estate transaction, one being the title examination.
What exactly is a title examination? This is actually a fairly extensive process in which a person qualified to conduct the examination carefully reviews the history of the property, ensures it is ready for sale and checks for any restrictions which may have been placed on the property — among various other issues. Generally speaking, this is not something that is completed in a day.
When does a title examination take place? A title examination will occur after a property is placed under contract. For those looking to buy properties, this is something that should not be overlooked. Failing to conduct a thorough title examination could have a number of negative consequences for a buyer. If done properly, and issues are found, buyers should be able to back out of purchases before any damage is done.
There are just a few professionals that are legally able to perform a title examination in Florida. One such individual would be an experienced real estate attorney. Having strong representation on one’s side can prove invaluable when making such a sizable purchase. By seeking legal assistance before signing real estate contracts and closing on sales, buyers can protect themselves and their investments.
Source: wisegeek.com, “What is a Title Examination?“, Matt Brady, Sept. 26, 2015
