Steps To Take If You Are Facing Title Issues After Buying A Property 

Steps To Take If You Are Facing Title Issues After Buying A Property 

Purchasing property is a significant investment, and the last thing you want is to face title disputes after closing the deal. Unfortunately, title disputes can arise due to issues like boundary disagreements, claims of ownership, or liens on the property. If you find yourself in this situation, it is crucial to take the right steps to resolve the issue and protect your investment. 

Here are five key actions you should take if you are facing title disputes after buying a property.

  • Review Your Title Insurance Policy

One of the first things you should do when facing a title dispute is to review your title insurance policy. Title insurance is designed to protect you from financial losses caused by title defects or claims against your property. 

If you have title insurance, contact your insurance provider immediately to report the issue. The insurance company will investigate the dispute and determine whether the policy covers it. 

  • Consult with a Conveyancing Lawyer

When dealing with a title dispute, it is essential to consult with a conveyancing lawyer who specializes in property transactions. These lawyers are experienced in handling issues related to property titles, and they can help you understand the nature of the dispute and your legal rights. 

They will review your property documents, identify any errors or omissions, and advise you on the best course of action. A lawyer can also communicate with the other parties involved in the dispute to negotiate a resolution, helping you avoid prolonged legal battles.

  • Gather Evidence to Support Your Claim

To strengthen your position in a title dispute, it is important to gather all relevant documents and evidence related to your property purchase. This includes the deed, title search report, purchase agreement, and any correspondence with the seller or real estate agent. 

These documents can help establish that you are the rightful owner of the property and may reveal any discrepancies or errors that contributed to the dispute.

  • Consider Dispute Arbitration for a Faster Resolution

In some cases, title disputes can be resolved through dispute arbitration instead of going to court. Arbitration is a form of alternative dispute resolution where a neutral third party, known as an arbitrator, listens to both sides of the dispute and makes a binding decision. 

Arbitration is typically faster and less expensive than litigation, making it an attractive option for property buyers who want to resolve title disputes without prolonged court proceedings.

  • Take Legal Action if Necessary

If the title dispute cannot be resolved through negotiation or arbitration, you may need to take legal action to defend your ownership rights. Your lawyer can file a lawsuit to clear the title and remove any claims or liens that are affecting your property. 

This process, known as a quiet title action, seeks a court ruling that establishes you as the legal owner of the property and resolves any competing claims. While litigation can be time-consuming and costly, it may be necessary to protect your investment and secure your property rights in the long term.