Carmen Arruda serves as regional account manager and assistant vice president for the Fidelity National Title Insurance Company. There, Carmen Arruda helps clients understand the meaning and importance of possessing a clear title.
2. Carmen Arruda serves as regional account
manager and assistant vice president for the
Fidelity National Title Insurance Company.
There, Carmen Arruda helps clients
understand the meaning and importance of
possessing a clear title.
3. When a home buyer assumes ownership of a
piece of property, he or she receives the title
to that land. Before this happens, however,
most lenders require that the title be clear of
any outstanding liens. Such liens include
outstanding taxes, home equity loan
payments, and even debts to contractors. If
any liens do exist, they must be cleared
during the escrow process. A buyer's
mortgage or title company can help with this
process.
4. Once the title is cleared, the sale can move
forward. However, certain liens may arise
later that had not been found during the
clearing process, possibly as a result of the
lien's absence from public record or from a
previous omission. Title holders can protect
themselves by purchasing an owner's title
insurance policy that covers the buyer should
a lien holder come forward after the property
has changed hands.