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Raymond, Other/Just Looking in 60619

What issues need to be addressed to convey a house?

Asked by Raymond, 60619 Mon Dec 17, 2007

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2
..one more tip.

If your conveyance includes the purchase of property, it may be good to have a look at a Preliminary Title Report, available at your local Title Company... like Chicago Title. A Buyers Agent in your area could also be hired to help with the preparation of the contracts and to look over that title report for issues that may be found there. You can negotiate a fee if it is a FSBO generally, if it is a listed property then generally the seller has already agreed to pay your agent a fee.

Hope this has helped a bit,
Don
Web Reference: http://www.realhomes.us
1 vote Thank Flag Link Mon Dec 17, 2007
Hi Raymond,

You actually should consult an Attorney who deals with Real Estate Law..., not too many of those here on Trulia of course....and Licensed Real Estate Agents are precluded from giving Legal advice or they can loose their license to do business, no kidding. You may get an answer from a Title/Escrow officer too. When we as real estate agents process a purchase and sale agreement, we trust in our Escrow officer to handle all the conveyance issues. Sometimes issues do pop up, some as simple as a typo.., some more serious as legal right to ownership.

Conveyance is a general term. Basically it is the process in which a title to a real property is transferred from one owner to another, generally means of a Deed.

For instance if you convey to a family member under some State Laws it is a simple "quit claim".
More info is available online, naturally.

The Board of Education conveys property to the County a bit differently.
I use Chicago Title a lot.., see info at: https://www.ctic.com/commontitle.asp

Regards,
-Don
0 votes Thank Flag Link Mon Dec 17, 2007
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