If you need to sell a house, an issue with the title can throw a wrench into the works. It can be heartbreaking to go through all of the work and hassles of selling only to find out when it is finally time to close that issues exist with a title you believed to be clear. The best way to avoid wasting time and money listing your house is to be proactive and perform a title search before you sell.
Delays can be costly as you must resolve any issues for the sale to proceed, and the monthly holding costs of your house continue to roll in. While it would be impossible to cover every detail of title problems here, read on as we explore the basics of how to sell a house with title problems in Delaware County. This article is for informational purposes, not financial or legal advice.
Commonplace Issues
Various issues can arise when selling a house with title problems in Delaware County, such as local, state or federal tax liens or liens from unpaid bills to contractors. In addition, there could be disputes over the boundary lines or even claims on the property from missing heirs or other ownership claims. If you or the previous owner has a common name, issues have also arisen from cases of mistaken identity. Sadly, problems can also arise from human errors in recording details on the deed. Ensure you have gathered all possible documentation when you’re working to resolve the issue to prove your claim. Professional buyers like the pros at Unlimited Real Estate Solutions can help you walk away from your troubles with a fair cash offer to buy your house in Delaware County directly. At Unlimited Real Estate Solutions, our professional buyers will detail what you can expect without making a direct sale vs. our offer for your Delaware County house, which we want you to agree is fair. At Unlimited Real Estate Solutions, everyone on the team has the same passion for helping our neighbors, which is why it’s important to us that you feel good about your deal long after closing.
Resolutions
One resolution is to seek out the assistance of a title company to help you clear the title so you can sell your house with title problems in Delaware County. Although it is crucial that you research the title company carefully and that they are proactive in assisting you, you should not have to chase them down for progress to happen. If the issues are severe, you may wish to contact a real estate attorney to handle the complications, and you’ll want to be sure they have a track record of success with clearing titles. Discuss the fees before working with the title company or real estate attorney so there are no surprises. Another potential resolution is to negotiate with the lienholder directly. This could save you time and money, but it is important to keep in mind that the lienholder may be unwilling to negotiate. You may need to hire an attorney to help with this process as well. If you are unable to sell your house or clear the title, you may need to consider a short sale. This is when the house is sold for less than what is owed on the mortgage. The lender must agree to a short sale, and it can be a lengthy process. You will likely need the assistance of a real estate agent who has experience with short sales. There are also some tax implications to consider with a short sale, so you may want to speak with a tax advisor as well. No matter what route you decide to take, it is important to act quickly if you have title problems in Delaware County. The sooner you take action, the more likely you are to be able to resolve the issue and move forward. If you let the problem continue to fester, it will only become more difficult and expensive to fix. Do your research and make sure you are taking the best course of action for your specific situation.
Unlimited Real Estate Solutions
The professional buyers at Unlimited Real Estate Solutions can save you time, money and headaches if you’re ready to sell a house with title problems in Delaware County. Talk to one of the local pros at Unlimited Real Estate Solutions about your situation with absolutely no obligation whatsoever to find out how easy it is to jump over the hurdle of title problems when you sell directly. In addition, professional buyers at Unlimited Real Estate Solutions never charge commissions to sellers, and no hidden broker fees or other surprises are awaiting you at the closing table when you need to sell a house. Call Unlimited Real Estate Solutions at 484-286-5595.