Secure Your Investments
4 Strategies to Help Mitigate Title Issues
by Radian Title Services
Don’t let title problems slow you down. While title challenges may hold some people back from reaching their investment goals, you do not have to be one of them. Mastering the art of resolving title issues may be your key to success in a competitive market.
By tackling title problems head-on, you are not just clearing obstacles; you are uncovering hidden opportunities that less prepared investors could miss. Here are a few strategies that can help you navigate the complex world of title issues with confidence and ease.
1. Conduct Thorough Due Diligence
Your best defense against title issues may be a good offense. Do not wait for problems to surface, take more control by:
» Ordering comprehensive title searches
» Reviewing chain of title documents
» Investigating any gaps in ownership history
» Checking for unresolved liens or encumbrances
Knowledge is power in real estate investing. The more you know about a property’s title history, the better equipped you will be to handle any surprises that may come your way. You may even consider obtaining a third-party title review through
entities like Radian Real Estate Management.
2. Build a Team of Title Specialists
Do not tackle title challenges alone. Assemble a trusted network of professionals, including knowledgeable escrow agents and experienced real estate attorneys.
Having these knowledgeable professionals at your fingertips can make all the difference when you are racing against the clock to close your deals. When you work with an experienced title company like Radian Settlement Services, you will have access to cutting-edge technology, expedient claims processing through Radian Title Insurance Inc., and an experienced team to help you navigate title issues. A trusted title company can help turn potential roadblocks into opportunities.
3. Implement Curative Action
It can be easy to pivot and abandon a deal when title issues arise. Instead, consider implementing curative action. Not all title issues are necessarily complex or time-consuming impediments to a real estate transaction. Some title defects may be resolved swiftly and with minimal effort, presenting a strategic opportunity for investors. In such scenarios, an astute investor may be able to use a minor title issue as a negotiation lever, opening a potential opportunity, for example, to secure a reduced purchase price by highlighting the needed curative work. After closing the deal at a potentially more favorable price, the investor can then address and resolve the title irregularity, turning a potential obstacle into a value-adding investment strategy.
4. Leverage Title Insurance to Your Advantage
Do not underestimate the power of title insurance in your investment strategy. Here is how you can make it work for you:
» Consider purchasing owner’s title insurance for added protection
» Carefully review policy exceptions and exclusions
» Negotiate for expanded coverage when needed
Smart investors understand that the right title insurance policy can be the difference between a deal-breaking problem and a minor speed bump.
Turn Title Challenges into Investment Triumphs
Every title issue you resolve is not just a problem overcome — it is an opportunity seized. By implementing these four strategies, you are not just clearing the path to closing; you are helping to set yourself apart as a skilled and resourceful investor.
When navigating difficult title issues, know that you can turn to the professionals at Radian Title Services. With a team of experienced professionals spearheading the closing, you will be able to focus on growing your portfolio.
These strategies can help you be well-equipped to turn potential deal-breakers into golden opportunities.
