Title Insurance Protects Your Financial Investment

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conduct a chain of title, which is a review of owner history of property, checking for who purchased property, who sold it, and when; perform a tax search to verify present status of taxes; conduct a judgment search to determine whether there are any general liens against property; and, sometimes even, conduct on-site inspections to verify lot size, location of improvements, and evidence of unrecorded easements. According to American Land Title Association, 25 percent of title searches find a title problem that is fixed before insurance is issued. At this point, you may be wondering why you even need insurance following an exhaustive title search. Unfortunately, it’s nearly impossible to guarantee a title is clear of hidden defects—those circumstances that could find you in a tug of war over property. Examples of hidden defects include mistakes in interpretation of wills and other legal documents, liens for unpaid estate or inheritance taxes, deeds by persons of unsound mind, impersonation of real owner, forgery, missing or undisclosed heirs, falsification of records, and confusion stemming from similar names. Your home is probably one of your largest investments. For a one-time premium, you can have peace of mind for as long as you or your heirs retain property. Talk with your real estate professional for more information on title insurance and selecting a title company.

Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/ Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.

Buying a Newly-Built Home? Ten Benefits of Using a Real Estate Professional

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The lender approval process may go smoother if a sales professional schedules visits, accompanies you to lenders, and helps expedite required documents. What may seem like a simple transaction can grow legally complex and risky. A sales professional is familiar with those complexities and risks inherent in homebuying process. When such questions arise, we can steer you to right advisors and services you may require. When relocating to a new area, sales professionals can be particularly valuable resources. In addition to providing local area information regarding schools, day care or elder care services, public transportation, proposed development, and so on, once construction is under way, they can periodically stop by work site, supply you with progress reports, and photograph or videotape phases of construction. A sales professional can assist you as you face hundreds of design choices and consider which upgrades could potentially add value to home when it comes time to sell. A sales professional can accompany you at site while you okay plumbing and electrical locations prior to dry walling, as well as on walk-through or builder orientation. Lastly, most often builder pays sales professional’s commission. You enjoy individual attention and support at no cost to you.

Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/ Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity