How Presidential Title Is Different?

Presidential Title Has Changed The Title Process

Ordering Title & Going To Closing:
Our next gen, proprietary platform, revolutionizes the title and closing
process making it smarter, faster and easier for less for Real Estate
Agents, Brokers, Lenders, Investors, their supporting companies and
organizations alike, no matter the volume.

How Presidential Title Empowers You:

• Go From contract submission to ready to close in 72 hours or less (soon, on our way to 24 hours)
• Ease your workload by allowing our platform to handle all communications, to all parties along with automated
  addendum/amendment creation.
• Save your clients up to 30% or more* (*Except in TX) over other Title Companies and pay no Attorney Fees in Attorney States.
• Enjoy around the clock, live U.S. based support, even on weekends when you and your clients have questions or need help.

Understanding Legal Description Errors and Their Impact on Property Sales

Legal description errors occur when inaccuracies are found in the written description that outlines a property’s boundaries. Unlike an address, which can sometimes be ambiguous, a legal description provides a precise and unique identifier for a piece of real estate. These errors can manifest in several ways, but one common issue is when the legal description fails to "close," meaning the outline doesn't correctly form a complete shape.

How Do Legal Description Errors Affect Property Sales?

Legal description errors can significantly hinder the sale process. If the bounds of the property are inaccurately represented, it can lead to disputes over property lines, potentially stalling or even derailing a sale. Buyers might face difficulties securing finance, as lenders typically require clear and accurate legal descriptions.

Resolving Legal Description Errors

To resolve these issues, title agents play a critical role. They meticulously review the legal description to detect any discrepancies. If an error is identified, the agent will work to amend it before the sale proceeds.

For property owners or buyers, it's prudent to order a land survey if there are concerns about the legal description. A survey can uncover any easements, encroachments, or boundary disputes. Once obtained, the survey results should be forwarded to a title agent who can use this information to amend the title policy and ensure no boundary exceptions exist.

Importance of Timely Action

It’s essential to initiate a land survey early in the home buying process. Surveys can be delayed by weather conditions or a shortage of professional surveyors, so securing a surveyor promptly during the inspection period can preemptively resolve potential issues, keeping the property transaction on track.

Title Questions? Call Vincent Hoss @ 888-240-8432