Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
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 ... more
__________________________________________________ Are you on The Rain? Grow Your Network!
|