Best Foreclosure Lawyers in New York, NY

What Should Be Included in a Title Report? Some things to make sure are included in your real estate title report are: Liens: Information on any outstanding liens on the property. A lien means the property could be used as collateral for the previous owner’s outstanding debt. Public record errors: Read through the title with a fine-toothed comb to ensure all information is accurate and there were no errors made when filing. These administrative errors, although not your fault, can still affect the deed's validity. Falsified documentation: Some public records may contain false documents that make it extremely challenging to find the rightful owner of a property. Falsified identity: Your potential ownership can be at risk if someone is impersonating the property owner to try to make money by selling a property that’s not actually theirs. Encumbrances: An encumbrance means that a third party has an interest or liability on the property. While this won’t prevent the transfer of ownership, it can diminish the property’s value. Estate plans: You may discover an unknown heir or will. These types of newly uncovered estate plans can jeopardize your potential ownership of the property. Property disputes: Public survey plans may show property boundaries that don’t match up with what you were promised, ending up in disputes about property lines and value. Violated building codes: The title may be impacted by unresolved building code violations.