Where is the Title Policy?

OMG I was just reading an article in The Ledger about a couple who lost their farm because of a clerical error! An old lien against a piece of property! What is this world coming to? The County Government and the New York Authority which made the error should be responsible to this couple! Sometimes I think we live in a world without a heart.

Take the time to read this article - maybe someone can figure out how to help?

http://www.theledger.com/article/20081013/NEWS/810130355/1374?Title=Clerical_Mistake_to_Cost_Couple_Their_Farm

I can't remember the exact reading of the standard Owner's Title Policy - There is probably some provision for such occurrences but unfortunately at this time my mind is blank.

No Positive Information Today on Lakeland Florida Real Estate

Unfortunately, I have no positive information on the Real Estate Market in Lakeland, Florida. I was out and about this weekend and everyone seemed to have the same story. The main topic was someone having their home forclosed on! What a terrible terrible weekend. I feel so sorry for so many people in Lakeland. If the person I was speaking to hadn't been forclosed then a good friend or relative had been.

Have you picked up the Realestate guides you see in the stores? Well, as I had stated earlier, one of them doesn't seem to be making it! I was surprised to even see another guide published! The printing was terrible - maybe because they had to cut more corners to even satisfy the three Lakeland real estate agents whom still have their ads in there. It is sad to see this happen but the economy is just hurting everyone.

I hope something happens soon to change or we may become a ghost town!

Common Title Defects

The real estate industry may be slow in Lakeland Florida, but that is no reason not to be prepared if you receive an offer. I was looking thru my computer – cleaning out old stuff! LOL there is a bunch of it! I came across a listing of items which may cause a closing to be postponed or cancelled. With the few offers sellers are receiving these days, I think it is important for the sellers to be aware of circumstances regarding their property.

You need to go online and check out your property – Today! This will help to prepare you for the sale. Some items you may not find, but others may stand out to you! It is worth the time to investigate now!


Common title defects and overlooked encumbrances:

Typographical errors on Deed

Missing information on Deed

Satisfactions of Mortgage not recorded

Release of Liens not recorded

Documents recorded in error which include your legal address

Judgments or liens you are not aware have been filed


Good Luck with your sale!