Title Search Tips On How To Avoid A Title Dispute When Investing In Tax Deed Sales

Online, October 1, 2010 (Newswire.com) - Tax Deed Treasures announces the release of a new comprehensive Guide to Title Search. 'Title Search Tips' turns the complicated and often frustrating endeavor of Title Search, and the abstraction of pertinent documents that may encumber a property, into a simple task for even the most inexperienced property investor looking to enter the field of Tax Deed Sales.

Property can, and often does, have what is known as a "cloud" on the title; no-one who participates in the transfer of real estate from the seller to the buyer welcomes a dispute over the title. For this very reason, Title Search companies that perform this vital service thrive in any economy, because their work as professionals is to discover and document all defects and encumbrances (if they exist) to ensure the new owner ultimately receives what is known as a "clear" or "marketable" title.

Tax Deed Treasures recognizes that the numerous foreclosures and resulting litigation that is presently occurring across the country, raises red flags and sounds the alarm bells for any investor intending to purchase property both now and in the future. The last thing an investor wants or needs, after spending valuable time and money to secure ownership of a parcel, is to find themselves suddenly embroiled in a title dispute, that often ends up costing them even more valuable time and money. Title disputes must be avoided at all costs!

The serious question in the mind of an investor is, "Do I want to pay for a Title Search on every property I am interested in?" The obvious answer is, "No, you can't afford to do that!" The next serious question is, "So what can an investor afford to do on every property of interest?"

The next obvious answer is, "They do their own preliminary Title Search on every possibility as a means of elimination of all undesirable properties." Then, and only when they have narrowed that long list down to a short list, should they engage a professional, qualified and certified Title Abstractor.

Title Abstractors, who either own or work for Title Search companies, are required to carry 'errors and omissions' insurance in case of an undiscovered defect on the title that may cause financial loss and/or damages to their client, and ultimately themselves. Therefore, it is advisable to always engage a professional Title Search Abstractor to ensure that all defects are discovered before you invest in any property.

Title Abstracting demands extensive knowledge and skills. As a result of this level of professionalism, it is not cheap-but worth every penny spent. However, as mentioned earlier, it is cost-prohibitive to conduct a thorough Title Search on every prospective property as part of an investor's initial research.

For this very reason, Tax Deed Treasures has released Title Search Tips to assist the potential property investor. 'Title Search Tips' educates the investor on what to look for. For example, the following encumbrances may impact a purchase:
• Liens
• Judgments
• Federal and Local Government Tax Liens
• Lis Pendens (pending lawsuits)
• Sanitary and Water Liens
• Mechanic's Liens, and other types of liens

In law, the word "lien" means 'knot' or 'binding'. If a property is unwittingly purchased that has a lien attached to it which has not been satisfied or wiped out, then the new owner not only assumes the binding of the lien, but is also now liable for it. To avoid the 'knot', Title Search Tips is a real eye-opener for the real estate investor.