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January 14, 2024

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Can a Title Company Remove a Lien?

Can a Title Company Remove a Lien? One’s legal claim, referred to as a lien, must be held and secured by one creditor in order to remove it. Consequently, the title company is accountable for making certain all liens are collected and released during closing in order that potential problems with payments or property transfers down the road may be avoided. Additionally, an intensive title search must also verify whether every other claims exist which may give both buyers and sellers information about what financial obligations may potentially remain before finalizing their transaction. To conclude, having an understanding of who are able to remove a lien when purchasing land is necessary–and using the services provided via a trustworthy title company will help ensure everything runs smoothly without costly delays or unexpected consequences further down the road. Types of Liens and Their Effects on Real Estate Transactions Each time a lien is attached to property, it puts the property owner in an uneasy position. Liens have tremendous implications that can affect one’s ability to purchase or sell a home, so it’s needed for anyone associated with any type of real-estate transaction to comprehend and recognize all the various kinds of liens […] read more
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Can You Turn Off Utilities on a Squatter?

Can You Turn Off Utilities on a Squatter? It’s possible to end up wondering when it is possible to turn fully off utilities on a squatter. The solution typically depends upon the applicable state and local laws, in most situations, it is yes. Before turning off the utility services from occupants who don’t hold legal rights, an eviction must certanly be initiated as certain court orders are required for such action. It will also be taken into account that cutting someone’s power or water supply without prior authorization could cause severe financial and/or criminal penalties so all necessary regulations must be observed when moving forward with this particular decision. Key Elements of Adverse Possession and Squatter’s Rights Key components of adverse possession and squatter’s rights can be complex. However, when it comes to the legalities surrounding a dispute about who owns certain property, there are numerous points you need to retain in mind. Most of the time for title transfer through Adverse Possession – squatters must possess the land openly and without permission from its true owner for at the least ten years. When contemplating Squatters Rights – when they live on or have actively maintained another person’s property long […] read more
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