Thursday, April 9, 2015

Things to know about property titles

Title-the right to, and the ownership of, property. A title or deed is sometimes used as proof of ownership of land.

Title Insurance-insurance that protects lenders and homeowners against legal problems with the title.

Title Search-a check of the public records to ensure that the seller is the legal owner of the property and to identify any liens or claims against the property.

Chain of Title-the history of all of the documents that have transferred title to a parcel of real property, starting with the earliest existing document and ending with the most recent.

Clear Title-ownership that is free of liens, defects, or other legal encumbrances.

Bradford Miller Law, P.C. can assist you with all your real estate needs at a very reasonable rate. Whether you are buying, selling, renting a property or need assistance with a building code violation we can help. Our experienced Real Estate Attorneys have been representing real estate clients for several years and have earned membership in the Better Business Bureau.

At www.bradfordmillerlaw you will find information about our firm along with helpful real estate information. To discuss your pending or potential real estate transaction call us at 312-238-9298 for a FREE 15-minute consultation.

Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602

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