A title defect is any potential threat to an owners right to sell or claim a property. Title rights include right of possession, exclusion, control and disposition. When an owner wishes to sell their property or acquire a new one they must ensure that there are no title defects.
Title defects are pesky, and often hard to identify without the help of a title agency (that’s us!). Title defects should be taken seriously as they are publicly recorded issues that could potentially give another party the right to claim your property. Common title defects include:
- Errors in public records which have impacts on the validity of your deed.
- Unknown liens, which occur when a previous owner misses payments and has created a debt associated with the property.
- Unknown heirs who have ownership/wills to the property
A great and secure way to avoid title defects is to keep track of the properties title status and any possible issues with the property via a title agency like Primera Title.