David Saks: Real Estate Practice : Lesson 3722

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 3722


When you put together a plan to purchase real estate, especially for investment purposes, you might be looking for a bargain because of title problems which include:

1. Federal, state or local tax liens 

2. Mechanics Liens for work done on the property

3. Missing heirs with claims on the property

4. Boundary or survey problems

5. Other claims to ownership of the property

Before a loan can be made, however, these "title clouds" have to be corrected.
The costs associated with correcting these problems could get pretty hefty.

The title company can really be of some help here.

Chime in with your thoughts.

David Saks

Time&Temp Memphis

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Comment balloon 6 commentsDavid Saks • September 29 2014 08:05AM


As a former title professional, I ALWAYS tell my clients to use the services of a reputable title company. Always. No exceptions. 

Posted by Kristin Hunteman, Escrow Closing Officer (True Title Company) over 5 years ago

Most definitely important to check the title...If you can the earlier the better or do much research through your real estate agent. Sometimes it's easy to find some information for free like on the St. Louis County website. It offers for a few dollars access to some recordings and title work is a must for any purchase or for some sellers that may not be aware of what liens could exist from prior work they've had done.

Posted by Tamara Liggins, Bringing Buyers & Sellers to Homes! (Keller Williams Realty, Saint Louis Call Me today at 314.677.6104) over 5 years ago

Good idea, Kristin. Thanks.

Posted by David Saks ((retired)) over 5 years ago

Good advice, Tamara. Thanks.

Posted by David Saks ((retired)) over 5 years ago

David, Through the years we have experienced some unusual title problems but the most common has been with marital status or lack of marital status written into the deed and when we go to sell the property we find the deed doesn't specify unmarried or married and this seems like a simple fix but isn't always quick and simple which is why we do advance searches when we list the home so that we can head this sort of thing off before the home goes under contract with a buyer..

Posted by Sam Miller, Knox County Ohio Real Estate Specialist (RE/MAX Stars Realty) over 5 years ago

Thanks for the note, Sam.

Posted by David Saks ((retired)) over 5 years ago

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