September 5, 2012 4:00 AM Subscribe
When buying or selling a house, how common is it for incorrect or irrelevant information to appear on a title search? What's the best way to prove that this information isn't legitimate--to drive the point home that it's wrong?
Old loans that were paid off years ago. Delayed payments on taxes that were resolved. Loans taken out by a previous owner. Strange, unresolved judgments that the bank suggests "relate to another person with a name similar to yours."
These things seem to be popping up on title searches of late--not in the form of liens on the property, but as miscellaneous information that seemingly came out of nowhere.
Is it common for title searches to show irrelevant information like this? What do banks expect from a homebuyer to remedy the mistake? Will a simple answer like "that's incorrect" or "this doesn't apply to me" be sufficient in most cases, or will there be instances in which banks request more paperwork? If so, what's the best way to build a case showing that the information is irrelevant, and that the title is clean?