Beware these common title issues

On Behalf of | Mar 16, 2021 | Real Estate Transactions |

Buying or selling a home seems like a simple enough thing to do, but issues may arise that can stop the sale from going through. Title problems are a prime example. Here are some common title issues of which homebuyers or sellers in Louisiana need to be aware.

Liens

A title may have a lien placed on it due to the current property owner failing to pay his or her debts or taxes. This means that the government or a creditor can claim true legal ownership of the property. The only way to have the lien removed is to pay the debt. In some cases, liens may be placed due to mistaken identity. Going to court to have such liens removed may prove necessary.

Record errors

Public records are not always as accurate as they should be. When a recording error is found, correcting it is a must before the property can be transferred to a new owner. This means that the deed needs to be fixed then refiled before closing can occur.

Boundary issues

It is amazing how often there is confusion about property lines, but it happens all the time. A property owner may believe their land extends to a certain point. A neighbor may be encroaching on the property because he or she believes it is part of the neighbor’s land. Part of the property may be located on public land. Whatever the issue, the property lines need to be defined so that a buyer knows exactly what they are getting, and boundary disputes can be addressed right away.

Get help making sure the title is clear

Making sure a title is clear is a must, as failing to do so will prevent a sale from going through. Thankfully, in Louisiana, this is not something buyers or sellers have to do on their own. Legal counsel can do all of the legwork and make sure any title issues are corrected before they become a significant issue.