Preventing Title Issues From Derailing a Deal
Avoid deal delays by ordering reports early, verifying ownership, checking liens and coordinating with title professionals from listing to closing.
NEW YORK — Title problems can stop a transaction in its tracks, from errors in public records and ill-defined property lines to missing heirs, outright fraud and unpaid liens. Prevention should start early, with agents ordering preliminary title reports before listing a home for sale.
Agents also need to confirm all owners are ready to sell and check for outstanding homeowners' association fees, taxes and errors in legal descriptions. During escrow, agents should work closely with title professionals to review commitments, request payoff statements early, confirm lien releases, and coordinate timelines when probate or court approvals are involved.
At closing, accuracy and vigilance are key: triple-checking names and signatures, verifying wire instructions directly with the title company and preparing contingency plans for missing documents can help prevent last-minute delays.
Following up after signatures to ensure deeds and lien releases are recorded is equally important. Strong relationships with title companies, combined with careful due diligence, allow agents to safeguard deals and maintain client trust while keeping sales on track.
Source: Inman (08/28/25) Babich, Luke
© Copyright 2025 Smithbucklin