aleexxg19 aleexxg19
  • 03-03-2020
  • Business
contestada

Why would a broker or agent need to do a title search on a piece of property that is being sold?

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chrstydwn1owlhcm
chrstydwn1owlhcm chrstydwn1owlhcm
  • 03-03-2020

Answer:

A title search is done to insure that there are no leans are owed on the property.  Its to insure that the property is clean of any debt.

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christiannnc christiannnc
  • 03-03-2020
Think of buying a car. Cars have titles (clean, rebuilt, salvage, some others that are irrelevant to ramble on about), and when you’re buying a car, typically you’ll want a clean title. It’s the same here (just real estate titles are not labeled the same). You don’t want to purchase property where legal signatures are invalid on some documents.
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