THE 12 FATAL MISTAKES SELLERS MAKE IN TODAY'S MARKET AND HOW TO AVOID THEM...A SERIES..#7
Misinterpreting Your Ownership Interests and Title Chain...
Was the property taken as tenancy by entireties, tenancy in common, joint tenancy?? Do you have a clear chain of title on the property?? When was the last time you ran a title search?? Do you have title insurance for anyone who may try to claim a stake in the property?? Unfortunately, many people have no idea about the current title status on their home. Without a clear title, you HAVE NO SALE. You can have a lien put on a home for anything from a past-owed debt and lack of tax payments to a contractor lien that didn't get paid for a job even BEFORE you ever owned the house. This becomes YOUR responsibility and headache when its time to sell. Be sure you have a clear understanding of what your ownership interests are and how your chain of title looks.
Check Back Tomorrow for the 8th Biggest Mistake Sellers Make in Today's Atlanta Real Estate Market!!!!!