Home : Blogs : David Saks - Broker : David Saks

27 Reasons to Disqualify You For A Loan : #25 Problems With The Title

When you put together a plan to purchase real estate, especially for investment purposes, you might be looking for a bargain because of title problems which include:

1. Federal, state or local tax liens

2. Mechanics Liens for work done on the property

3. Missing heirs with claims on the property

4. Boundary or survey problems

5. Other claims to ownership of the property

Before a loan can be made, however, these "title clouds" have to be corrected.
The costs associated with correcting these problems could get pretty hefty.

The title company can really be of some help here.

Chime in with your thoughts.

Next: No Credit File With the Bureaus

Posted by David Saks - Broker on 08/19/2008 02:11 AM

Comments (0)

David Saks in the ActiveRain Channel

david saks

Originally posted at: David Saks: 27 Reasons to Disqualify You For A Loan : #25 Problems With The Title

This post has been included in Tennessee Information
Post is included in group: Tennessee
Post is included in group: Realtor® World
Post is included in group: Realtors®
Post is included in group: Memphis
Post is included in group: Education

0 Comments on 27 Reasons to Disqualify You For A Loan : #25 Problems With The Title

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?

David Saks - Broker

Memphis, TN

More about me…

The Real Estate Mart of Tennessee, Inc.

Address: 4040 North Watkins, Suite #4, Memphis, TN, 38127

Office Phone: (901) 357-4663

Cell Phone: (901) 278-8008

Email Me

"Owning a home should never have to be "just a dream" for anyone. The responsibility of every real estate agent is to make home ownership a right & reality, in conformance with fairness, the principles of sound ethical judgement, justice & the laws of our nation".
David Saks - Broker
The Real Estate Mart of Tennessee

Photos © & licensed by Nova Development

Check with an attorney or your state real estate board if questions & answers in the education section conflict with your region.

Links

Archives

Find TN real estate agents and Memphis real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.