Be on your guard
Posted by: Titlesolv
When buying land it is vital to ensure that the seller has exclusive possession of the land and also owns the paper title. It is only possible to convey and receive title to a parcel of land if this is the case. The recent decision in Heaney v Kirkby brings this into sharp focus and demonstrates the problems that can arise when someone claims ownership over a piece of land by adverse possession.
Title Indemnity - In Property Transactions
Posted by: Titlesolv
Property Transactions: How Title Indemnity has evolved in the Irish Market At some stage in their career working within property law, the solicitor will be faced with a situation where their client maybe challenged on the grounds of their right of title. The property can become an unacceptable proposition to the purchaser and lender alike, and chains collapse. Resolving such title problems can be expensive, time consuming and stressful. Title insurance protects owners from unexpected third party challenges against any defects in title which may affect an owner?s ability to use or develop the property. The cover provided by our title insurance enables land to be developed, mortgaged and used, notwithstanding a range of title defects; for example, restrictive covenants or defects in the legal access to land.
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