Real Estate Law
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Thanks for your question and good afternoon.He should insist on a title insurance policy here.The title company would make sure that there was proper title here and that there are no liens or problems.He would also have protection under the title policy.
He is right to be concerned here and unless the lawyer here will allow him to purchase title insurance he is risking problems.
Here unless the nephew has legal title or proper probate has been opened you may have potential title and other legal problems.A title company will investigate the title and make sure he is getting what he paid for here, clean title and no liens or probate issues.
Remember the lawyer involved here represents the seller not your brother.A title company can insure he get good marketable title and a policy to protect him as well.It is money well spent.I would not close without it here.
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Here are title companies in your area..
It is critical that he gets a title company involved to make sure he gets a clear title and protection in this matter.
Thanks again for letting me chat with you today.I appreciate the chance to do so.
Hi, will the title insurance policy cover all possible issues?. Also do we have to ask for it before the closing happens. from whom can we buy?. do we need to choose a title company in the market?
Yes you need to do this prior to closing.The title company will not allow it to close unless it turns out there is clear title here and non probate problems.They then insure good title with the policy.They will make sure taxes are current, no judgment liens, etc as well.
Thanks for the follow up and good luck on the sale.