Resolving Title Issues Before Selling Your House

by | Jan 10, 2022 | Title Issues

If you’re planning on selling your home, you need to make sure all the paperwork and titles are clear. Properties with title issues can be near impossible to sell. Before a house can be sold, whatever issues the title has need to be settled fully.

If your property’s titles have any issues, not to worry. An estimated 11% of houses that are being sold experience some sort of title issues. Here are some of the common title issues you need to know about so you can properly address them.

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Liens

Some people opt to use their home as security for any services they have done or debt they own. When this happens, a lien is placed against it. The most common kind of lien is a mortgage but several others causes for a lien exist such as back federal, state, or local taxes or any unpaid bills to constructors. A lien allows the other party to assume ownership of the property (foreclose) in the event the owner is unable to pay back the debt. While you may think you are in the clear because you pay your mortgage and taxes on time, this may not always be the case. Because liens are attached to the property and not the homeowner, your homes previous owner could have had a lien placed against it.
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Public record errors

Sometimes, a title issue may not even be your fault. This is the cause with titles that have clerical or filing errors in them. While this may seem like an easy fix, it can take some time to resolve the mistake. Make sure you perform your title search in the beginning of your selling process, so you have ample time to spot and fix any errors.
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Common names

If you have a pretty common name, there is always the chance that someone with your name is facing criminal charges or judgment. For instance, if there are two John Smiths in your area, your local judge may accidentally place a lien for unpaid local taxes on the wrong John Smith. Or, if you happen to have a name similar to the previous owner’s, you may be investigated for “falsely impersonating” them. In order to remedy these, you will need to fill out what is called an identity affidavit that proves you are not the John Smith in question.

How to resolve title issues

If you’ve gone through the list and thinking “well, how can I then sell my house fast with title issues Union, NJ,” there are several things you can do.

Minor title issues

For minor issues, these can typically wait until you close the sale. For larger title concerns, such as the mistaken identity issue or even clerical errors, you need to allocate some time to resolve them. This will involve gathering all the necessary documents to prove your identity and proper ownership of the home.

Major title issues

If you find that there are huge problems with the title, you may need to hire a professional to assist you in fixing them. This could be a real estate lawyer or a titles company. Keep in mind that if you do hire a professional, you need to be prepared to pay the costs that come with them and consider the time it takes to file all the necessary paperwork.

As-is

If you do not have the time, money, or even patience to deal with fixing your property’s title issues, there’s still a way for you to sell your home. You can try to sell your house fast for cash even with title issues in Union, NJ.

Sell to a professional home buyer

If you want to spare yourself from the hassle of dealing with title issues or simply need to sell the property at once, you can sell it to a professional cash homebuyer like QuicknEasyOffers LLC. At QuicknEasyOffers LLC, we buy houses in Union, NJ no matter the condition they’re in. We’ve dealt with multiple different scenarios including homes with title concerns, so we have quite the experience in the legal process that comes with it.

Sell your house with title issues to us

At QuicknEasyOffers LLC, we want to make the home selling process as seamless and as quick as possible. Once we provide you a FAIR CASH OFFER for your house, the decision to accept or refuse it is entire up to you. And it comes absolutely FREE. We won’t pressure you or obligate you to accept the offer on the table if it does not feel right to you. To find out more about our home buying program, please call us today.

Michael Hernandez

Real Estate Professional, dedicated to helping homeowners and home-seekers meet their real estate goals.

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