The Hidden Costs of “Going Cheap” on Title Procedures
Renato Ritter
We make changes to the Title of Property after the Close of Escrow for Clients of Escrow Officers, Realtors & Lenders.
Now, let’s look at something that has caught countless homeowners by surprise for years.
One of the biggest misconceptions in Real Estate is that recording a Deed with the county guarantees the Deed’s validity. People often try to save money by handling Deed recordings or transfers themselves, thinking that if the county accepts the record, everything is in order. Unfortunately, the county's approval doesn’t equate to Title clearance, and a recorded Deed without proper oversight could still carry legal or financial burdens that come to light only later.
Many people want to save on costs, believing they can skip Title insurance or professional assistance for a quick and inexpensive transaction. However, cutting corners can create costly challenges down the line, jeopardizing property security and future ownership.
Without Title insurance or an Affidavit - Uninsured Deed, there’s no guarantee that previous claims, liens, or errors won’t re-emerge and impact future owners.
An Uninsured Deed opens the door to potential ownership disputes and financial obligations that the county’s recording doesn’t prevent. An Affidavit - Uninsured Deed can help address these gaps by providing added assurance of the Deed’s legitimacy.
Attempting to save money by going “cheap” on Title procedures may seem like a quick fix, but it ultimately exposes owners to larger financial risks and complex legal issues. Securing proper Title insurance or an Affidavit - Uninsured Deed offers protection, ensuring that the transaction is legally sound and free of hidden costs.
In the fourth article, you’ll discover the importance of industry expertise when it comes to Real Estate transactions.
Renato
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?? Disclaimer: We are not attorneys, CPAs, or tax advisors in the state of Nevada or any other state. We are not licensed to give legal, tax, or financial advice, nor may we accept fees for doing so. Nothing in this information, digital content, social media channels, profiles, or website is intended to be or should be considered legal, financial, or tax advice. Laws, statutes, tax codes, lending policies, guidelines, programs, and more are subject to change. Social media and website content may not be fully up-to-date. Information is provided “as is” without any guarantees, warranties, or representations, implied or otherwise. Each legal matter is unique and specific. Therefore, QC Deed, LLC, DBA: Quick Claim USA, encourages every individual and business to seek professional guidance from legal counsel and qualified or certified professionals regarding their specific legal, tax, or financial matters.