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How to turn on title resolution

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yeah title issues and resolutions part one and of course as we usually do it if you have questions feel free to ask during the process i do have time at the end if you want to wait as well whatevers easiest for you sometimes its easier to address it when its related to the topic were talking about or sometimes youre waiting to see if i answer it which either way is perfectly acceptable to me really flexible so whatever works for you but we will get started all right so today our overview and objectives are going to be to discuss common title issues for purchase and sales and then what the resolutions are and if theres any preventative measures that we can kind of circumvent this before we figure out there is a title issue so for part one and this is what were going to go through today essentially were going to discuss unreleased deeds of trust which you often see abbreviated as dots were going to discuss judgment liens and then encroachments as well as taxes and then were go

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What is used to clear a defect from the title records?

Often, title defects surrounding recording or clerical errors are cured by submitting corrective or supportive documentation containing accurate information. Once the correct information is recorded, the encumbrance can then be released to render the title free and clear.

What is title resolution?

If youve objected to a title related issue (either record title or off-record title), then your Real Estate Broker (with your assistance) should be negotiating on your behalf to come to a resolution that is acceptable to you and the Seller.

What is a resolution in real estate?

In the event that a company decides to sell its property, it will require a corporate resolution to sell real estate. This is a straightforward document that cites the name of the buyer and the location of the companys property. The location of the real estate sold may be at a street address, section, block, or lot.

What is a title resolution?

If youve objected to a title related issue (either record title or off-record title), then your Real Estate Broker (with your assistance) should be negotiating on your behalf to come to a resolution that is acceptable to you and the Seller.

What is a defective title indemnity policy?

A defective title indemnity policy insures against potential liability arising from a specific title defect. Defective title indemnity policies are widely used in the property industry.

What does resolution period mean in real estate?

Resolution Period means the period ending thirty (30) days following receipt by an Indemnified Party of a written notice from an Indemnifying Party stating that it disputes all or any portion of a claim set forth in a Claim Notice or an Indemnity Notice.

What is an example of a defective title?

For example, a homeowner cannot sell a home if there is a tax lien on the property. They would have to take care of the outstanding taxes to remove the lien and go through with the sale. If the titleholder decides to sell an asset with a defective title, they may be held liable for any damages as a result.

What does conditional sale deadline mean?

33. Conditional Sale Deadline This is the last date a buyer is able to back out of the contract if they need to sell their current property before purchasing the property in this transaction.

What is title resolution deadline?

The Title Resolution Deadline is the date by which all title objections must be resolved. This date is typically 15-17 days from the MEC.

What is a defect in the title?

What does it mean to have a title defect? A title defect refers to any potential threat to a current owners full right or claim to sell a property. The property has a publicly-recorded issue, like a lien, mortgage or judgment that gives another party a claim to the property.

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