Finally purchasing your dream home is a significant milestone that you should celebrate. Unfortunately, the excitement of finally owning your piece of real estate can sometimes overshadow crucial details. One nightmare scenario involves discovering that the person who sold you your property in Massachusetts did not have legal ownership of it.
This situation isn’t just a theoretical concern; it can happen due to fraud, clerical errors or even misunderstandings about property boundaries. Suppose the seller lacked a title to “their” real estate; they transferred the property to you illegally. As such, the rightful owner (if they exist) could potentially reclaim their property, leaving you without a home or investment.
What is a defective title?
When you realize that your claim to your newly purchased real estate property is invalid, it can feel like the end of the world. However, before you give up, it can help first to comprehend the issue. The Bay State relies on title deeds to prove the ownership of a property.
Suppose the person who sold you your home lacked legal ownership; it means that the deed you received is invalid. Perhaps your seller transferred ownership of a property that was still undergoing probate due to inheritance disputes.
Your seller can also lack title if they transfer ownership of a property that they fraudulently acquired. To confirm that your title is, indeed, defective, a reliable legal group can help you check the records for your property’s ownership with Massachusetts’ Registry of Deeds.
Can you protect your investment?
While an invalid real estate title transfer leaves you in a precarious position, there are steps you can take to protect your investment. During this challenging time, you can greatly benefit from robust legal support.
Reliable legal guidance can help ensure you don’t make your dire situation even worse. An experienced legal team can examine the specifics of your unique situation and guide you on the best course of action. Relying on a team that comprehends the legal implications of your situation can ease your burden and help ensure you have an avenue to explore all the legal options available to you.
Discovering that the person who sold you your property in the Bay State did not have legal ownership is undoubtedly distressing. However, by taking immediate legal action, you can explore avenues for protecting your investment.
