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Over the last two months, several clients (prior to hiring me) lost a combined total of $1,729,631 because they failed to file their real
estate documents publicly with the county recorder.
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Recording real estate transfer documents protect against situations where the same property interest is transferred multiple
times (i.e. seller grants a mortgage for the same property to two different lenders).
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State laws predominantly favor those who properly record their property interests over those who don’t.
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Recording real estate documents into a property’s “chain of title” provides “constructive notice” of one’s property interest. By not
appearing in the title chain, interested parties will not receive legal notices concerning the property, such as tax notices or lien filings.
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Generally, all real estate deeds need to be filed and it is important that the buyer have a Memorandum of Land Contract recorded.
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Most title or closing agents will file real estate transfer documents as part of their business for a small fee.
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“Remember, in order to protect your property interests against title claims or loss, it’s important that your real estate
documents show up in the public records 100% of the time.”
Since 1990, attorney David Soble has represented lenders, loan servicers, consumers and business
owners in real estate, finance and compliance matters. For over 25 years, he has been involved in thousands
of real estate transactions and has successfully negotiated and saved millions for his business and
consumer clients.
ABOUT THE AUTHOR
ProvenResource.com
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Farmington Hills, MI 48334Phone: (888) 789-1715
Disclaimer: You should not rely or act upon the contents of this article without seeking advice from your own, qualified attorney.
