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An uninsured deed can cause a lot of headaches down the road.

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Today we’ll be talking about uninsured deed affidavits, how they work, and how you can get them resolved.

First of all, when someone is adding family members or spouses onto a deed (or taking them off), it’s called an uninsured deed. This is because it didn’t take place inside a transaction that’s insured by a title company.

This happens a lot when someone gets a divorce and their attorney drafts and records a new deed. However, title companies still need to verify that the grantor actually intended to grant the property to the grantee. You have to get an affidavit to do so, but that can get tricky if the person is out of the state or hard to reach.

 

“We’ve had to track down people from across the world in order to get their affidavits, and it can be a messy process.”

 

We’ve seen deals fall through when this process is done incorrectly, which is why you want to choose an experienced title company when helping your clients. We can ensure that both the buyer and seller can go into their real estate transaction without any headaches. Without title insurance, a buyer could get a knock on their door in a few years from a divorcee who claims they own half of the house. This is why it’s so important to make sure things have been done properly.

We’ve had to track down people from across the world in order to get their affidavits, and it can be a messy process. However, there are two concrete strategies we can use to help you resolve uninsured deed issues; these solutions involve endorsements and getting affidavits at the time of transfer. If you’d like to learn more about how to use these strategies or if you’re looking for general assistance with titles, feel free to reach out to us. We look forward to hearing from you soon.