Real estate often
changes hands numerous times over the years, and most real estate transactions
are completed without stress or drama. However, in some cases, there is a
question about who owns the land or has rights to it. This may occur when one
person passes away, and there is a dispute about who the title was transferred
to during the estate settlement process. It may occur after a divorce or even
because there are disputes over boundary lines between neighbors.
What Can Happen During a Dispute
Resolving title disputes Bella Vista AR is important because you could potentially lose the property that you believe is rightfully yours. There are financial impacts associated with title disputes. In addition, you could potentially lose the property and be without a home if the dispute is not settled favorably.
What You Can Do
Title insurance is designed to protect you from title disputes, and it also can pay for some or all of the costs associated with a dispute. When you purchase title insurance, the title agents will thoroughly research title before you finalize the sale. Their issuance of insurance can provide you with peace of mind that the title is clear and ready to be transferred to you at the closing. However, in the rare event that an issue does arise, the insurance also can pay for all related fees and losses that you may incur. The title company also will work on your behalf to resolve disputes.
While most people will not have to deal with a title dispute during or after their purchase, disputes can and do happen from time to time. Purchasing title insurance before closing is one of the best steps you can take to minimize the financial impact of this type of event and to ensure that the title is clear. Contact Elite title company for resolving title disputes and title insurance in Northwest Arkansas.
Resolving title disputes Bella Vista AR is important because you could potentially lose the property that you believe is rightfully yours. There are financial impacts associated with title disputes. In addition, you could potentially lose the property and be without a home if the dispute is not settled favorably.
What You Can Do
Title insurance is designed to protect you from title disputes, and it also can pay for some or all of the costs associated with a dispute. When you purchase title insurance, the title agents will thoroughly research title before you finalize the sale. Their issuance of insurance can provide you with peace of mind that the title is clear and ready to be transferred to you at the closing. However, in the rare event that an issue does arise, the insurance also can pay for all related fees and losses that you may incur. The title company also will work on your behalf to resolve disputes.
While most people will not have to deal with a title dispute during or after their purchase, disputes can and do happen from time to time. Purchasing title insurance before closing is one of the best steps you can take to minimize the financial impact of this type of event and to ensure that the title is clear. Contact Elite title company for resolving title disputes and title insurance in Northwest Arkansas.
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