The title search uncovered a title problem, is the deal “dead”?
Not usually, but it may require everyone’s cooperation to solve. There are very few title issues that cannot be corrected, however some of the problems are beyond the control of the closing agent (i.e.: a needed court order or a prior release issue). The best thing a real estate professional can do when a title issue is discovered is to get an explanation as to what is wrong and what needs to be done to correct it. Keeping yourself and your client informed will generally keep the transaction moving forward.
Not usually, but it may require everyone’s cooperation to solve. There are very few title issues that can not be corrected, however some of the problems are beyond the control of the closing agent (i.e.: a needed court order or a prior release issue). The best thing a real estate professional can do when a title issue is discovered is to get an explanation as to what is wrong and what needs to be done to correct it. Keeping yourself and your client informed will generally keep the transaction moving forward.
