Fort Lauderdale, FL – 02/18/2020 – The step of performing a title search is key to the closing of a transaction involving vacant land. Real estate investors require the reassurance that the property is clear regardless of who the seller may be. It includes getting the deed and paying the money to the real owner of the property as opposed to somebody who feels they own it.
Fort Lauderdale, FL -- (SBWIRE) -- 02/18/2020 -- With a title, the purchase of a vehicle can provide a good example of why it's important to be vigilant. The vehicle's "For Sale" grabs the investor's attention who then decides to inquire for more details. The person the investor speaks to is not the owner of the vehicle yet the individual is still willing to sell it. The scenario may seem unusual but is not uncommon.
A search for the title is also important to ensure the property isn't being affected by liens or mortgages. In circumstances where a property's offer involves a relatively small amount of cash, a seller may decide not to tell the buyer that there is also a hefty mortgage or something like a costly lien. If these are not detected before the transaction is completed, it becomes the buyer's or investor's responsibility.
About Monroe Funding Corporation
Monroe Funding Corporation is a direct equity lender serving clients throughout Central and South Florida, specializing in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get clients to the closing table quickly and professionally. For more information on hard money loans Miami, please call 954-816-0388 or fill out the application.