Clouds on the Horizon: Property Title Issues Which Affect Sale

Written by Elaine VonCannon

When buying or selling a home, proof of ownership, orrepparttar property title, and issues affecting it, are critical. If you have a cloud or lien on your title, this means somebody or some business entity has laid claim to a portion ofrepparttar 145845 equity in your home. There are different types of liens that affectrepparttar 145846 marketability of your home. For this article, I interviewed Chris Swynford, an attorney in Williamsburg, Virginia, whom I utilize frequently for real estate transactions. Mr. Swynford commented on several types of property liens that are common issues for homebuyers and home sellers. Property Title Insurance – for Matters NOT of Record In order to understandrepparttar 145847 different types of liens, it is necessary to reviewrepparttar 145848 concept ofrepparttar 145849 actual deed or title. A property title can be insured by a title company, and I always recommend my clients purchase owner’s title insurance coverage, even though not required by commercial lenders (which ALWAYS require lender’s carry title insurance). “Generally, many matters NOT of public record (including mechanics’ and materialmens’ liens for new construction) are covered under title insurance, including issues such as misrepresentation of marital status, forgery or fraud in executing documents, missing heirs, or unknown boundary contests,” said Mr. Swynford.

Matters of Record for Property Title According to Mr. Swynford, “state law whererepparttar 145850 property is located covers most matters of title. East ofrepparttar 145851 Mississippi, excluding Louisiana, property is generally held in one of several ways: tenancy by entirety, title passing torepparttar 145852 survivor upon death ofrepparttar 145853 first party, and that exists only between husband and wife; and can be reached (lien) only byrepparttar 145854 creditors of both; joint tenancy with right of survivorship, title passing torepparttar 145855 survivor upon death; but which may be severed byrepparttar 145856 creditor of only one party in judicial proceedings; and, tenancy in common. Upon death of one co-tenantrepparttar 145857 undivided interest ofrepparttar 145858 deceased passes by will or to heirs under state laws of interstate succession.”

If I had Hammer, I Would Build in New Kent County Virginia

Written by Elaine VonCannon

New Kent County Virginia is a rural area filled withrepparttar flavors ofrepparttar 145844 American South. It is quiet enough for peaceful relaxation, and still situated less than 45 minutes from Richmond and Williamsburg. Those who want to retire, relocate, or purchase a second home in New Kent County Virginia may read my companion article The following relays information aboutrepparttar 145845 timeliness of investing in New Kent County.

Smart Growth in New Kent County A recent trend towards ‘smart growth’ in New Kent County will alter some ofrepparttar 145846 landscape, but notrepparttar 145847 overall tone and demeanor of this picturesque county. Professionals and retirees from Richmond want to live in New Kent County because they are tired ofrepparttar 145848 overpopulated city and suburban areas, but still need to commute there for business or family obligations. New Kent County is also turning into a bedroom community for Williamsburg, located just one half hour away.

Invest in New Kent County atrepparttar 145849 Bottom Tier New Kent County is sandwiched between two Virginia Counties: Henrico County –north of Richmond, and James City County – South of New Kent County and encompassing Williamsburg. Both counties are 80% built out and approaching capacity inrepparttar 145850 coming years. When a homebuyer purchases property or a residence in Henrico or James City County, he or she is accruing equity. Butrepparttar 145851 buyer is still atrepparttar 145852 top tier ofrepparttar 145853 ladder in pricing. When purchasing in New Kent County,repparttar 145854 buyer is atrepparttar 145855 bottom tier as far as price range is concerned. To make a smart investment in property, where equity will have a larger chance to grow, purchase property in New Kent County atrepparttar 145856 beginning ofrepparttar 145857 growth spurt. Brickshire Golf Community and Farms of New Kent arerepparttar 145858 largest upscale developments in New Kent County.

Brickshire Golf Community When Bluegreen Corporation, a New York Stock Exchange Company, first approached New Kent County to build a premiere golfing community there with a Curtis Strange Signature Golf Course, there were quite a few skeptics. The general feeling was that nobody would want to live in New Kent County, or build there. Now Bluegreen Corporation is laughing allrepparttar 145859 way torepparttar 145860 bank. Approximately 1,000 homes will be built in Brickshire Golf Community. The lots are completely sold out and only re-sells are available. For more information on lots or listings at Brickshire Golf Community, visit:

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