To ensure the safety of your property purchase, you have to conduct your own due diligence. Of course it’s always best to consult with licensed real estate professionals when buying property. However, you can do your part by checking the veracity of the title you’re about to purchase.
Check out this video on to how to know your property title is authentic:
Here are a few things to keep in mind when you’re conducting your due diligence:
- Original Certificate of Title. The original title, which is stored in the Register of Deeds.
- Owner’s Duplicate Copy. An exact or carbon copy of the Original Certificate of Title that’s given to the owner of the property.
- Transfer Certificate of Title. When the title is to be transferred from the owner to the buyer, the original Owner’s Duplicate Copy should be the same as the Transfer Certificate of Title.
- Judicial Forms. The government forms used in conducting the transaction with accompanying serial numbers. There are different kinds of judicial forms depending on the purpose.