When pulling the title on a property, it's important to check for condominium ownership and related documents such as the master deed, bylaws, and rules. Title companies look for any outstanding dues owed to the Condominium Association, which can be liens on the property, as well as any rules that could affect the new owners.
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Real estate held in a trust
From time to time you have real estate transactions that involve trusts. The main concern is determining who has the authority to sign on behalf of the trust when transferring ownership of the property.
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Real estate mortgage foreclosures
The foreclosure process involves a sheriff sale where the property is auctioned off, and after this sale, there is a redemption period during which the property owner can still do what they want with the property.
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Powers of attorney in real estate transactions
Powers of Attorney can vary in scope, some may allow only simple actions, while others may grant broad authority over finances and properties.
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