Title & Escrow
While you probably learned a lot about Title and Escrow in your pre-license courses, when selling homes there are two things I advise. One is to watch and read the components of this course. The other is to contact a title rep from one of the local title companies and ask them to take you through reading a preliminary title and pointing out the issues that come up.
It’s extremely important for when you have a buyer or seller transaction to read the preliminary title carefully. You want to make sure there is nothing unusual on the report which could cause an issue in the transaction. Sometimes things show up which are no longer applicable to the property but still need to be removed from the title. Depending on what they are, that could be easier said than done. Also, a seller may have forgotten or just chose not to disclose that they have an IRS or other type of lien against their property. Any number of things could come up so it’s important to address them early in the process.
Course Includes
- 3 Lessons
