Clearing Chain of Title Issues Oklahoma- Hanging Tight With Your Home Sale Transactions!
First let me say that I am NOT an attorney and I am NOT giving legal advice.
As a Real Estate Broker in Southeast Oklahoma, I hang tight with my transactions. When I have a sale contract on a property that I have listed, I make just about every step that happens in that transaction.
Oh yes, there are specialized professionals at every step too. Like the chain of title in our abstracts. When the seller's abstract is brought up to date, it
goes to the attorney for a TO (Title Opinion).
When that title opinion is finished,
- I want a copy.
- I always ask for a copy.
- I usually get a copy even before the closer gets one.
I want to know if there are any title issues that are going to have to be dealt with and if there are, get busy helping to clear them up.
A local attorney in Idabel is one that I recommend when someone does not already have an attorney and they want a recommendation. I recommend this attorney because he and his office are timely in their work and his office makes sure that I get a copy of the TO as soon as possible. They understand that time is of the essence in real estate transactions that Judi Barrett at Integrity Real Estate Services is very involved in her transactions.
I appreciate that ability to work with that office and their willingness to work with me on my desire to have that TO quickly.
So what kind of Title Issues might there be in Abstracts that would have to cleared...
- Probate Issues
- Missing chain of title deeds
- Stray Deeds
- Marital statuses missing..
- Mortgage releases
- Divorces
- Surviving Spouse on Joint Tenancy Forms Missing
- Bankruptcies
- Mechanics Leins
- Legal Descripton discrepancies
- Sometimes just a broken chain of title and it takes a little digging to find out.
- These are just a few of the title issues that we've helped with. I love using a closer that helps to get these things cleared also.
Sometimes I feel like a PI, trying to find someone that showed up in the abstract from 40 years ago and does not live here anymore.. but we need their signature on something.
When all else fails, sometimes it has to go back to the attorney for a quiet title.. that delays everything by at least 90 days and adds cost to transaction for the seller. That's why this real estate professional, Judi Barrett at Integrity Real Estate Services tries really really hard to get those things cleared up without the title description having to go into quiet title suit through the court system.
Choosing professionals at each step of the transaction is important.
***The professionals that I recommend are ones that I beleive do the best job for my clients.***
I do NOT receive referral fees or any type of compensation for recommending the professionals that I recommend. I do it because it's good for my clients and the professionals that I recommend know that I am involved in my client's transactions. They respect that and respond to that.
Whether it's an attorney, a termite inspector, a home inspector, a surveyor, a closer... or any other professional that is needed to get to the closing table... it's important that you as a seller or as a buyer use people that do a good job, do it in a timely fashion, and are willing work with your real estate agent.
Photo courtesy of Flickr User Chris Griffith
This blog post was originally posted at Integrity Real Estate Services Blog.
Looking for a home for sale in Idabel, Oklahoma? Let me Google that for you.
Judi Barrett, B.S. Edu.,
Broker, Integrity Real Estate Services, Office Address: RR 5 BOX 126, IDABEL, OK 74745 580-212-5946
Our Name Says It All.
Real Estate Services You Can Trust.
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