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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.
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| Q |
What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
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| A |
Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star. |
See More Real Estate Trivia > |
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Deb Paton-Showley Group Coldwell Banker Roth Wehrly Graber 2580 Walton Blvd. Warsaw, IN 46582 Direct: 574-268-3438 Fax: 574-267-4443 Mobile: 574-527-6022 dshowley@cbrwg.com psghomeinfo@dishmail.net
We pride ourselves on serving our clients to the best of our ability. We are proven experts in lake properties, new construction, residential, and lots & land for Warsaw, Winona Lake, Syracuse, Leesburg, and all of Koskiusko county. We specialize in selling homes on Lake Wawasee, Lake Tippecanoe, Syracuse Lake, Webster Lake, Barbee Chain of Lakes, and Winona Lake. We also specialize in custom homes located in Shadow Lake Estates and Eagle Crest Development in Warsaw, IN. Relax, at Paton-Showley Group, we do the work for you! Give us a try today. 
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