Advanced Abstract is a title company serving the areas of Allentown PA, Bethlehem PA, Easton PA, Reading PA and Stroudsburg PA. When you buy property it is a big investment. It does not matter whether you are buying a residential property, a commercial property or a piece of land. It is a big investment.
When buying property, there are many things to consider such as location, use, costs, mortgage, down payment, insurance, defects and so on. One thing many people don’t think about is defects in title. The last thing you want to worry about is defects in title. A Title Company can help protect you against defects in title. It is also important for the seller to know there are no defects in the title to be transferred.
Defects in title can arise for many reasons. These include mistakes, fraudulent signatures, missing signatures, unknown heirs, liens and more. There are three important things to consider. Does the seller actually own the property? There are often complications such as missing heirs and missing signatures. Secondly there could be existing liens or encumbrances affecting the property. Thirdly there could be missing or erroneous public records due to clerical errors. These types of issues could mean you have a defective and unmarketable title.
A title company can help protect you by performing a comprehensive title search which that will uncover most if not all potential defects in title. In addition, a title company can help you with title insurance that will protect your financial interests should a title problem arise. The bottom line is, when you by property it is essential that you receive a clean and clear title, that is marketable.
When buying property in Allentown PA, Bethlehem PA, Easton PA, Reading PA and Stroudsburg PA, you should consult with a title company such as Advanced Abstracts to ensure the title you will receive will be good and marketable,