Purchasing a property? Review the owner’s title commitment for common issues first
Columbus Business First October 18, 2023
Erica Kaple's latest article in Columbus Business First underscores the vital need for a thorough review of the owner's title commitment before purchasing residential or commercial property. While securing title insurance is a wise move, it's equally crucial to scrutinize the policy's exceptions to coverage. Neglecting these exceptions can lead to potential title-related problems, including costly legal disputes and property devaluation. Erica routinely confronts common title issues such as unpaid mortgages, easements, oil and gas leases, profit interests, encroachments, property access concerns, and the impact of prior lawsuits or judgments. A deep understanding of these issues can prevent unwelcome surprises for prospective buyers.