Historic New Orleans Title Company
Title Company Marigny New Orleans
In the past, purchasing property in the United States often involved hiring someone known as a “conveyancer” to manage the legal steps. Their main responsibility was to verify that the property had no unpaid debts and that ownership was valid. Today, title companies in Marigny New Orleans carry out the same important task, while also offering title insurance to protect buyers from financial loss in case a title issue appears after the sale.
Understanding What a Title Is
A title is a legal record that proves who legally owns a piece of real estate. It provides a detailed description of the land, lists any liens, and shows past owners. For instance, if you borrow money to buy a home, the lender’s claim is noted as a lien on the title. A title is not the same as a deed. A deed is the document you receive at closing, confirming that the property is now in your name.
What Title Companies Do
Title companies in Marigny New Orleans act as neutral third parties, working on behalf of both the buyer and the seller. Their role is to confirm that the title is clean and to offer insurance in case an issue is overlooked. Without this step, a previous owner or heir could come forward claiming rights to the property, which could lead to serious legal trouble. Trusted providers like Crescent Title review property history and provide insurance that shields buyers from those risks.
Title Searches and Surveys in Marigny New Orleans
Crescent Title performs detailed property surveys to confirm that all buildings are within legal property lines. This helps prevent problems such as discovering that a fence or home overlaps onto another person’s land. After examining the title, a full report is provided to the client. Mortgage lenders also receive this report to confirm everything is in order before finalizing the loan.
An Overview of Title Insurance
Homebuyers and mortgage companies in Marigny New Orleans can both benefit from title insurance. Since lenders invest money into the property, they want to be sure no valid claims could affect ownership. Once a policy is issued, it remains active after the transfer of ownership.
In most real estate transactions, the seller pays for the title insurance policies for both the buyer and the lender. This type of insurance is paid for once and does not require monthly or yearly payments. It stays in effect as long as the buyer keeps ownership of the home.
Common Questions About Title Companies
Title companies in Marigny New Orleans help property transactions move forward without problems. Even so, many buyers and sellers have questions. Below are some of the most commonly asked ones:
1) Is It Required to Use a Title Company?
It’s not legally mandatory to hire a title company, but it is strongly encouraged, especially if financing is involved. Most lenders will not approve a mortgage without one. Even in cash purchases, a title company offers peace of mind and extra protection.
2) Can a Title Company Clear Liens?
Title companies in Marigny New Orleans cannot legally remove liens on their own. However, they assist in the process by identifying any liens and helping guide both parties on how to resolve them. Sellers are usually responsible for clearing any liens before closing.
3) Who Decides Which Title Company to Use?
Either the buyer or the seller may choose the title company. Sometimes both parties agree to work with the same provider, though they are not required to do so. There is no law stating they must use the same company.
4) What Problems Might Be Found in a Title Search?
Trusted title companies in Marigny New Orleans, like Crescent Title, may find issues such as:
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unpaid construction or repair bills
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unknown heirs with legal rights
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old or unsettled mortgages
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existing liens on the property
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overdue taxes or unpaid fees
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other legal problems related to ownership
Trusted Title Services in Marigny New Orleans
Crescent Title offers dependable service through detailed title research and reliable real estate closings. With a solid history and local expertise, we support buyers and sellers throughout Marigny New Orleans and the nearby communities. If you are planning to buy or sell a home and want a trusted team to handle the details, reach out to Crescent Title to get started.
Josie Occhipinti
(504) 248-9723 Josie@CrescentTitle.com
Ian G. Fisher
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