Property Title Examinations Lawyer
One crucial step in the purchase or sale of real estate is ensuring the property title is free from liens and other restrictions to allow the transfer from seller to buyer. This process of title examination can be very complicated in certain circumstances. However, a thorough search and study of the title can protect the buyer and seller from future disputes. Mark Burr at the Law Offices of S. Mark Burr, P.C. is an experienced property title examinations lawyer who can provide real estate sale closing services in the greater Atlanta area.
For over 30 years, Mark Burr has worked within the real estate law field and has extensive knowledge and experience. Property titles examination may sound simple, but there are many legal stipulations that can impact a real estate title and its owners. Mr. Burr understands the research that must be performed to ensure a title is completely unencumbered and available for transfer. He also has extensive understanding of the legal restrictions that can limit the use of property, impacting the buyer. His experience as a property title examination lawyer can protect unsuspecting buyers from investing in property that could have legal liens or restrictions that could be extremely costly.
Property Title Lien Searches
Liens on a property are common and should be resolved before the property can be sold. Mortgages are the most common type of lien and are usually are simple to find and settle during a property sale. However, not all liens on property may be revealed by the property seller. In fact, they may not even be aware of a lien on the property. A property title lien search can uncover any legal financial claims on the title that may need to be resolved.
Title liens can include foreclosures, bankruptcies, tax liens, attorney liens, judgements and second mortgages. While digital technology has improved the ease of finding most liens on property, not all have been entered into the digital systems or entered correctly. The Law Offices of S. Mark Burr, P.C. can perform a thorough property title lien search to ensure there are no liens existing on the property before their client moves forward with a purchase.
Cloud on Title Examination
When property exchanges hands or ownership, there should be a chain of transfer or custody. When there is not, this is referred to as a “cloud on title,” or an uncertain history of the chain of custody. For property buyers, determining the title to the property is clear of any claims from previous owners is vital. Imagine the financial cost of buying and developing a piece of property, only to have a previous owner come forward months or years later with a legitimate claim on the title of the property.
Whenever there is a cloud on title situation, it is crucial to determine if any entity could have a possible claim to the title. Mark Burr has spent decades working in real estate law. He understands the best methods for uncovering any possible title claims so his client is protected from financial loss.
Land Title Review for Defects and Restrictions
Not only can liens, unknown heirs or judgements cause a property title defect, there are other considerations when performing a land title review. Easements, incorrect legal descriptions, border disputes and environmental restrictions can all impact the title and property. If these defects are not uncovered, they could affect how the buyer of the property can use the land and impact the value.
If you are considering purchasing commercial property in Georgia as an investment and need a property title examinations lawyer for a land title review, contact the Law Offices of S. Mark Burr, P.C. in Alpharetta. Mark Burr and his legal team can perform thorough title examinations and lien searches to protect your investment and interests.