Tag Archive: title search
Three Reasons Why You Should Pay for a Title Search When You Transfer Property Among Family or FriendsFebruary 4, 2019 8:00 am
We’re often asked by clients for assistance with “simple” conveyances of real property between family members or friends. We strongly advise each of those clients to commission a title search before a deed is signed. Does anyone question that advice? Yes. Here are three typical objections:1) “A title search is too costly and too slow.”
That’s the most common objection. It’s true that a title search usually takes a couple of weeks and usually costs several hundred dollars, although the actual time and cost depend on the complexity of the title. Skipping the title search when transferring property to a family member or a close friend definitely will save time and money. But it could spell trouble later, ...