Verification of property ownership

Buying or selling real estate is a significant event that requires careful preparation and legal support. One of the most important aspects of such an agreement is the verification of ownership of the object. This process ensures that the seller actually owns the property they are seeking to sell, and ensures that there are no encumbrances or legal issues that could lead to problems in the future.

Why is it important to check ownership?

Real estate title verification is critical for several reasons:

• Fraud protection. Unfortunately, there are cases when fraudsters try to sell someone else’s property or property that is subject to liens or other encumbrances. A title check will help you avoid such risks and protect yourself from financial losses.
• Guarantee of purity of the transaction. Checking the ownership allows you to identify any legal problems related to the real estate object, such as disputed ownership, uncoordinated redevelopment, non-payment of taxes, etc. This gives you the opportunity to avoid problems in the future and ensure that the purchase and sale agreement is clean and legal.
• Peace of mind for your property. When buying real estate, you want to get not only square meters, but also peace of mind. A title check gives you confidence that you are buying a property that is truly yours and that it will not be the subject of disputes or legal claims.

Possible consequences of insufficient ownership verification

Neglecting to do a real estate title check can have serious consequences that can negatively affect your life and financial situation. Here are some of the most common problems you may encounter:

• Loss of ownership. This is the worst case scenario that can happen. If you buy a property from a scammer or someone who is not authorized to sell it, you may lose your title to the property. This could result in you being evicted from your home or being forced to buy it back from a new owner at a much higher price.
• Financial expenses. Insufficient ownership verification can result in significant financial costs. You will have to bear the costs of litigation, lawyers and other legal services to protect your rights. In addition, you may be required to pay to repair or demolish illegal buildings or to correct other problems that were not discovered during the inspection.
• Nervous experiences. Lawsuits and legal problems can cause great stress and nervous exhaustion. You will have to spend a lot of time and effort to solve problems related to real estate, which can negatively affect your health and general well-being.
• Damage to reputation. In some cases, not doing enough ownership verification can damage your reputation. If you have bought a property that has been associated with fraud or other illegal activities, it may adversely affect your business reputation or career.
• Delays and complications. Insufficient title verification can lead to delays and complications in the process of buying and selling real estate. It may take you longer to obtain all the necessary documents and permits, and there may be problems with the execution of the contract of sale.

To avoid these problems, it is important to check the title of the property thoroughly before buying it. Consult a qualified attorney to help you conduct a thorough due diligence and ensure that you are purchasing a property that is truly yours and free of encumbrances.

Contact “Prykhodko and partners”: we will check the ownership carefully and competently

The legal company “Prykhodko and partners” has many years of experience in the field of real estate and offers its clients a wide range of services, including verification of ownership rights. Our qualified lawyers will conduct a thorough review of all documents related to the property, investigate the ownership history and identify any possible risks. We will also help you to correctly draw up all the necessary documents and protect your rights in case of any problems.

By contacting “Prykhodko and Partners”, you can be sure that:

• Your real estate purchase agreement will be safe and legally clean.
• You will not become a victim of scammers.

We carefully study all documents related to the real estate object, such as the certificate of ownership, the contract of sale, the deed of acceptance and transfer, etc. Investigate the property’s ownership history to ensure that there have been no ownership issues in the past. We check whether any encumbrances, such as arrests, mortgages, liens, etc., are imposed on the real estate object.

We analyze all possible risks associated with the real estate object and provide our clients with appropriate recommendations.
For a detailed consultation and to receive the cost of property ownership verification, fill out the form below.