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Real Estate Tips
Titles >The Title Search

The people who do title searches have an extremely important job. They must ensure that the sellers really own the property being sold and that all liens against the property are being paid off as a result of the sale.

If the seller has had financial difficulties, for instance, and didn't pay his bills, there may be judgments that must be satisfied on or before the closing. Someone in addition to the party who signed the sales agreement may have an interest in the property. If so, it will be necessary for that person to sign the sales agreement and the deed that transfers ownership to the new buyer. The preliminary title report will also show any easements that run with the property. The Title Company will go back many years, examining what is called the "chain of title". If you learn that the property you are buying has title problems, don't panic. Most of them are resolved easily and in plenty of time to avoid delays in the closing.

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Real Estate Trivia
Q 
What famous American sign was originally erected as a real estate ad?

A 
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland."
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Marcia Wallace, REALTOR®, real estate agent and broker for Blue Springs, Lees Summit and Kansas City, Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

Marcia Wallace
Reece & Nichols

701 NE Woods Chapel
Lees Summit, MO 64064
816-251-1745
Fax: 816-525-5455
marciawallace@NUMBER1EXPERT.com

Marcia has been a licensed Realtor in the state of Missouri since 1995. She has received many awards including the Million Dollar Club and the 5 Star Award for Best in Client Satisfaction 5 out of 5 years. Marcia and her Team are committed to making the home buying and home selling process as smooth as possible. This is only accomplished by attention to detail, cutting edge technology, commitment and utilizing the strengths of each team member. Referrals are her biggest compliment.

Equal Housing MLS REALTOR


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