One of the most important parts of any real estate transaction is to make sure you have a thorough title review. Not only a review of your title, make sure that you understand the nature of the property that you are purchasing, but it can also prevent you from having problems later on. Your real estate attorney in Staten Island NY is the best one to do your title search. By doing a proper title review and analysis, you can be sure that your real estate attorney in Staten Island NY can save you from a lot of headaches later on.
A title review can accomplish a couple of things when you are buying a home. To begin with, a proper review will go back in time to find out things such as where your property lines are and if there are any encumbrances with the title such as right of way for utilities or restrictions on what can be done with the property. It is common when a larger piece of property is divided up that restrictions such as limitations on what can be built on a property are put into place.
There could be issues that are closer to the present that your real estate attorney may find during a title search as well. If the seller has a lien on the property such as a tax lien, this could seriously affect their ability to sell unless the issue is deal with before or at closing. Additionally, there could be issues such as the seller being underwater on their mortgage or another party’s interest in the property, both of which could cause you legal issues in the future.