Property Lien Problems and Title Insurance in Grand Junction

Title Insurance Information on Property Liens For Your Clients

Many times an effective title insurance is issued and the property faces a smooth closing. This means you have one more happy buyer, but keeping clients and building a strong business is more than just about helping them obtain incredible homes. It is also about being able to help them sell their properties when they decide it's time for a new house or a different location. That is why today at Advanced Title Company we want to share a few words of advice in regards to lien information that your client should be aware of so that they do not face larger problems after they buy the property.

What is a Lien?

Liens are the legal form in which a person or company that you owe money to can claim you are in debt with them, by placing on your property the right to obtain their money by either selling your property or when you sell your property.  This means that if you do not pay that person or company the money owed they are able to go to court and have your property sold so that they can obtain their money. Rarely will someone let this happen over a small debt, however it is crucial that you do not let these sort of debts add up or continue to be attached to your property, as they might cause you to lose your home or even cause you the most substantial part of your money when you do decide to sell your property.

How Can a Lien Affect You?

In most cases if the lien is taken to court and your home is sold to pay off the debt, ideally, you would be left with the money left over from the sale after the creditor obtained their money. However that money would most likely be owed to the mortgage and in some cases, the debt to the mortgage can be larger than what you are left with after the debt is paid. Not only that but when homes or properties are sold to pay a lien, they are usually sold at a price well under what they are actually worth. Basically, a lien is bad news and should be avoided at all costs. Most liens can be removed and easily prevented with the help of an attorney.

Why it is Important to Avoid Liens Before and After Buying a Property

Liens are usually public and when you want to sell your property you are required to pay those liens before you can obtain a clear title. That is another reason why title insurance is essential when buying a home because without a thorough title search there may be hidden liens that could be carried out with the property to the new owner. Make sure your clients are always protected against this sort of nightmare with the best title insurance company. At Advanced Title Company we extensively research the title of a property and provide full support and assistance so that your transactions can always be effective and become a smooth and easy going process. Your clients need trustworthy title insurance to count on. Contact us now and learn more about what we can do to improve your clients' satisfaction, and help your business thrive.

A Divorce Decree is a Common Lien Your Client May Encounter

After a divorce is filed a judge may allow one of the spouses the right to live on the property but if the property is sold both spouses are entitled to a share. Meaning that if the house is sold, the equity is due to the other spouse. There are rare cases in which there is a legal document given by one of the spouses to the other entitling him/her the rights to the property, this can make the lien difficult to spot. If the spouse with the legal right sells the property the lien may not show up on time, and by the time they sell the house and leave with the money, the property may be stuck with the lien, leaving the new owner with the debt.

The Most Efficient Title Insurance Company in Grand Junction

Help your clients stay aware of the problems and provide them with effective solutions to possible threats with Advanced Title Company.  Our goal is your satisfaction so that your business can grow. Feel free to call us at (970) 255-7677 with any doubts or questions your clients may have in regards to property title and related problems, we are always here to help.