Title Search Services in the Charlotte, NC Area
Buying a home or commercial property in Charlotte is among the biggest investments you will likely ever make. Let Matheson Law Firm, P.A. help you find any encumbrances before you complete the purchase by conducting a property title search. Whether you need to examine the title for a commercial or residential property, you can count on us to make the process as simple and stress-free as possible.
To learn more about our title search services, please call (704) 946-7976 or contact Matheson Law Firm for a consultation.
What Is a Property Title Search?
A title search is a review of certain documents that detail the history of a particular property. A title search involves examining public county records to uncover the chain of title, which refers to the legal history of the property as it has passed between owners over the years. The chain of title goes all the way back to the original landowner, who may have been a farmer or recipient of a land grant from the U.S. government, assuming your county’s records go back that far.
When real estate lawyers examine property records, they:
- Uncover information related to ownership, property taxes, judgments, mortgage modifications, lien releases, special assessments, assignments, assessed valuations, and more.
- Look for issues that could cloud the title, such as failures to properly sign the title, release mortgage notes, or pay debts. These errors could create voluntary or involuntary liens, easements, or other encumbrances that could become issues later when you’re ready to sell.
For example, let’s suppose a man sells his house after his wife dies. If a couple owns property together, both spouses are required to sign the deed. To get around this, the man signs his and his wife’s name when he sells the house to a young couple. Everyone involved in the transaction knows that the wife has passed away, but by skipping a title search to verify who rightfully inherits the property, the young couple could face complications if an heir turns up one day to claim ownership. Even if that doesn’t occur, the issue would need to be resolved before the couple could sell the house.
Backed by decades of experience in the real estate industry, Matheson Law Firm is equipped to delve deeply into a property’s history to determine if anything will interfere with your future ownership. Our findings can help you enter into a deal with your eyes wide open.
When to Conduct a Title Search
Real estate purchases are the primary reason to delve into the history of a property. Buyers and sellers may choose to request a title search, the results of which are important to both parties. After all, everyone involved wants to be sure the property has no skeletons in the closet that could complicate the transaction.
However, title searches can be useful for more than just purchasing a property. Matheson Law Firm also recommends conducting property title searches before refinancing, foreclosing, or filing for bankruptcy. Title search reports are also good for portfolio due diligence and non-insured informational purposes.
We Work With Real Estate Agents in Charlotte, Huntersville & Cornelius
All great real estate agents know that real estate attorneys are required for real estate service. We will help make this process as painless as possible by ensuring you and your real estate clients are protected from unwanted issues and getting the home closed quickly and efficiently.
Learn more about our real estate attorneys in Charlotte and get the counsel you deserve – call (704) 946-7976 today.
Request a Property Title Search in the Charlotte Area
If you’re involved in a real estate transaction or another effort that requires a title search, don’t hesitate to contact an experienced real estate attorney at Matheson Law Firm. We’ll conduct a thorough home search to ensure the property doesn’t have a hidden past that could compromise your investment. All of our real estate legal services are designed to provide peace of mind so you can move forward confidently.
To request a property title search in Charlotte, please contact Matheson Law Firm online or call (704) 946-7976.
Frequently Asked Questions
What Is a Title Search?
When you’re buying a home, it would be natural to assume the seller actually has a right to sell the home in question. However, that’s not always the case. A title search is an investigation of public records to confirm the legal owner of the property and to reveal any claims or lines on the property.
What Is the Difference Between a Title Search and an Abstract?
During a title search, the person conducting the title search gathers all the legal documents they can find about the property. Using this information, they create an abstract of the title, which includes a chronology of transactions related to the property. This information may include the current owner, previous owners, previous surveys of the property, any easements that cross the property, and any relevant wills and lawsuits that involve the property.
Whereas a title search may stop at 40-60 years into the title history, a title abstract often investigates to the point in history where records are no longer available. An abstract is not required for every real estate purchase; our real estate attorneys can advise you whether an abstract is necessary.
What Types of Records Are Investigated in a Title Search?
A typical title search may involve searches of several dozen documents and records. These might include:
- Deed Search
- Chain of Title
- Owner Verification
- Tax Assessor Search
- Assignment Chain
- Judgement/UCC/Lien Search
- Bankruptcy Search
What Title Problems Can Be Discovered with a Title Search?
A title search may reveal title defects tied to the property you are buying. For example, the search may reveal simple title mistakes such as filing errors, or it could unearth criminal activity such as forgery or fabricated documents. Even apparently “small” title problems should be taken seriously, as they could affect property ownership.
Other common title problems include:
- Pending lawsuits
- Missing heirs
- Unpaid real estate taxes
- Boundary disputes
- A hidden will
- Illegal deeds
What Happens If a Title Search Reveals Title Defects?
Ideally, your real estate title search will find clear and free ownership of the property you are purchasing. However, as a homebuyer you can take steps to mitigate the risk of a claim on your new property’s title in case there are issues down the road. A title insurance policy is one way to mitigate risk and protect your ownership claim.