Title Issues and How to Spot Them

TITLE ISSUES When buying a home, it's important to be aware of potential red flags that could indicate a problem with the property or the sale. Some common red flags to look out for include:

1. Unclear ownership: Title issues can indicate that there is uncertainty or confusion about who owns the property. This can cause delays or complications when trying to purchase the property or obtain financing.

2. Liens or judgments: Title issues can also include outstanding liens or judgments against the property, which can create financial obligations for the new owner and make it difficult to obtain financing.

3. Unpaid taxes: If the previous owner has not paid property taxes, the new owner may be responsible for paying them, which can be a significant financial burden.

4. Restrictions or easements: Title issues can also include restrictive covenants or easements that limit the use of the property or give others rights to use the land, which can make the property less desirable.

5. Title fraud: Unfortunately, Title fraud is a red flag which involves someone improperly transferring or claiming ownership of a property, which can lead to legal disputes and financial losses for a new owner.

6. Zoning issues: Title issues can also include zoning issues that make it difficult or impossible to develop or use the property in the way that the buyer intends.

7. Environmental hazards: Title issues can also include environmental hazards that can affect the property's value and make it difficult to obtain financing.

These are some of the common issues, however, it is always best to consult with a local property attorney in Indiana to ensure that you are aware of any potential title issues before purchasing a property.