Not a very pleasant thought, to lose your home, let alone 70 something ways to lose your home, and there is probably many many more reasons besides those I list in which you can lose your home says Elkhart REALTOR Evelyn Johnston.  Metropolitan Title Company provided the list, something to get your mind thinking about what assurances you have when you purchase Title Insurance...

Some of these items will also stop a Short Sale from being approved as well.  Let's take a look and see what not to do...

1. Forged deeds, mortgages, satisfactions or releases - well, yes, forgery is never a good thing!
2. Deed by person who is insane or mentally incompetent. - Every State has rules about who can and cannot sell a home.  If the person selling is not mentally competent, they cannot sell.
3. Deed by minor (may be disavowed) - a minor can sign a bill of sale and agree to sell a property but by reason of their age alone, they can withdraw their approval, legally.
4. Deed from corporation, unauthorized under corporate bylaws or given under falsified corporate resolution.  If a fast talker sells you a piece of property that does not have the authority to sell, it can be revolked.  This is why a competent Title Company should always be used.
5. Deed from partnership, unauthorized under partnership agreement
6. Deed from purported trustee, unauthorized under trust agreement
7. Deed to or from a "corporation" before incorporation, or after loss of corporate charter
8. Deed from a legal non-entity (styles, for example, as a church, charity or club)
9. Deed by person in a foreign country, vulnerable to challenge as incompetent, unauthorized or defective under foreign laws.
10. Claims resulting from use of "alias" or fictitious name style by a predecessor in title.

Part 2 of 70 something ways to lose your home coming soon!

Without title insurance from a reputable and financially secure company, your title could be worthless.  With the proper insurance, your rights will be defended in court.  For more information about your Title Insurance call Metropolitan Title at 574-293-9111.  For information about Elkhart Real Estate, call your local Elkhart Expert Evelyn Johnston with Prudential One Realty at 574-304-7148.