Everything You Need to Know About Home Titles
As a prospective homebuyer, you'll encounter various documents. This can get overwhelming very quickly. You'll deal with mortgage contracts, deeds, sales agreements, and many more. To help make things clearer, here's a brief guide on land titles: What It Is A title is proof of ownership. It's evidence that a piece of property, whether it's land or a house, belongs to you. Without it, the legal system will not recognize your claim. It contains the full name of the owner. You'll also find the technical descriptions of the property and any annotations about the transaction and other relevant information. How It's Transferred A title transfer occurs as you close your negotiations under the terms both parties agreed upon. For this to happen, the buyer will be given a deed. The document shows the people involved, the parcel of land, and the requirements of the transaction. Once the deed is filed at the county office, they'll produce a title w...