The CourthouseDirect.com Blog

How Do I Get a Copy of a Quitclaim Deed?

Posted on Wed, May 17, 2017 @ 07:00 AM

A quitclaim deed transfers interest in real property from one entity (the grantor) to another (the grantee). Unlike most property deeds, quitclaim deeds do not contain a title covenant – thus they offer the grantee no guarantee as to the status of the property’s title. If the grantor does not actually own the property, the grantee may receive no actual interest, and no legal recourse to recover losses. Typically, quitclaim deeds are used between friends or family members. You may need a copy of a quitclaim deed as a grantor or grantee to prove the status of a piece of property. Here are two ways to obtain a copy.

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Tags: Real Estate

Performing an Online Title Search

Posted on Wed, Apr 26, 2017 @ 07:00 AM

If you’re considering purchasing a piece of property or real estate, the “clarity” of the title is a crucial factor. A clear title means the ownership of the property is unquestionable or very clearly defined. Unclear title means there could be some kind of title defect or an issue with the property’s ownership history. Homebuyers need to be sure of their investments, and it’s vital to confirm that no other parties have a stake in a piece of property before purchasing it.

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Tags: Real Estate

Using Public Records to Find Lien Information

Posted on Wed, Apr 12, 2017 @ 07:00 AM

Before investing in any kind of real estate, it is imperative to conduct thorough research into the property you intend to purchase. Luckily, most of the information you’ll need is accessible for free or at minimal cost if you know where to look. Most real estate information providers will supply free property reports that could include the home ownership history, tax record, and mortgage information.

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Tags: Real Estate

What Is Right of Survivorship and Why is it Important?

Posted on Wed, Apr 05, 2017 @ 07:00 AM

It’s important to have a firm grasp on the concept of the right of survivorship, especially if your family owns a great deal of property. Simply put, the right of survivorship is the concept referring to a person’s legal right to assume ownership of another person’s property upon his or her death. The right of survivorship supersedes typical probate proceedings, meaning the property in question changes hands far more quickly.

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Tags: Real Estate

Reasons to Perform a House Title Search

Posted on Wed, Dec 21, 2016 @ 07:30 AM

If you don’t conduct a house title search on a property, you’ll be in the dark about its past, present, and future. A homeowner may have assured you there aren’t any liens against the property, but you may perform a public records search and discover that he or she is in trouble with the Internal Revenue Service.

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Tags: Real Estate

Understanding IRS Tax Liens

Posted on Wed, Nov 23, 2016 @ 07:30 AM

If you’ve neglected to pay a tax debt, you may face a federal tax lien. Tax liens from the Internal Revenue Service (IRS) are legal claims against your property when you do not pay what you owe. There are many reasons you may be unable to fully pay your tax debt before the deadline. Unfortunately, the IRS is strict when it comes to payments. Here’s everything you need to know about finding and understanding IRS tax liens.

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Tags: Real Estate

What Is a Deed in Lieu?

Posted on Wed, Nov 02, 2016 @ 07:30 AM

If you’re a homeowner on the edge of foreclosure, you may have heard the phrase “deed in lieu.” A deed in lieu of foreclosure offers the mortgagor and the mortgagee a variety of benefits over foreclosing a home. Understanding the terms of a deed in lieu and when it’s in your best interest to use this tool is important for protecting your financial future. If it appears your home is on its way to foreclosure, here’s what you need to know.

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Tags: Real Estate

Why Real Estate Agents Need to Understand Adverse Liens

Posted on Wed, Sep 07, 2016 @ 11:00 AM

Real estate agents must be aware if properties they are selling are on the market because of adverse liens. Adverse liens on a property often change its resale value, and require the agent to take different steps than with a house with a clean title. If a property owner puts up a home as collateral for a loan or debt, and then either voluntarily or involuntarily sells that home, an adverse lien can complicate the transaction.

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Tags: Real Estate

What You Need to Know About Lis Pendens

Posted on Wed, Jul 27, 2016 @ 07:30 AM

Many people have heard the term “lis pendens.” Often, a potential buyer will use this phrase as an explanation for not pursuing a property. But there is more you need to know before making a decision.

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Tags: Real Estate

Sales Comparable Reports: What They Are and How They Are Used

Posted on Wed, Jul 20, 2016 @ 07:30 AM

Sales comparable reports, also known as the market analysis approach, are an important tool in real estate. These reports help individuals and realtors estimate an appropriate sale price for a property. When looking to list a home, it is wise to use this method before determining a starting number. Real estate agents can also take advantage of these helpful reports. 

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Tags: Real Estate