![]() ![]() ![]() Other times, family members may contest the will for their own property rights. However, those heirs are sometimes missing or unknown at the time of death. When a person dies, the ownership of his home may fall to his heirs, or those namedwithin his will. These instances may affect the enforceability of prior deeds, affecting prior (and possibly present) ownership. While the chain of title on your property may appear perfectly sound, it's possible that a prior deed was made by an undocumented immigrant, a minor, a person of unsound mind, or one who is reported single but in actuality married. This is an especially worrisome issue with distressed properties. And even though the former debt is not your own, banks or other financing companies can place liens on your property for unpaid debts even after you have closed on the sale. Prior owners of your property may not have been meticulous bookkeepers - or bill payers. Clerical or filing errors could affect the deed or survey of your property and cause undo financial strain in order to resolve them. To err is human, but when it affects your homeownership rights, those mistakes can be devastating. ![]()
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