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Tangled title solution in Philadelphia
Sep 12, 2022 | Estate Panning, Will
Almost 10407 homes in Philadelphia are “tangled titles” and their residents don’t know they have a legal problem. A tangled title refers to a property whose ownership is unclear. Maybe you inherited, live, or own a home that your name is not on the deed; you probablynhave a tangled title.
You might have acquired this property in one of the following ways:
As an Heir
You got it from a relative/loved one who passed away
You entered into a lease/purchase contract and are still in the process
Maybe a divorce
The bottom line is; your name is not on the deed.
Individuals with tangled titles in Philadelphia face difficulties that may result in losing their primary property in the worst-case scenario. Properties with tangled titles face the following problems:
Deprived ownership by the person whose name is on the deed
Unable to tap into the home’s value/source of accumulated wealth
Can’t sell the property
Can’t acquire a home equity loan
Can’t qualify for a homeowner’s insurance
Not eligible to reap benefits of low-income households meanwhile, they are obliged to pay taxes, maintenance, and fulfill the responsibilities of homeownership.
How to Untangle My title in Fewer Steps
Certified Probate Real Estate Specialist in Philadelphia make the probate process super easy. A will is helpful but not enough in itself to have complete ownership unless the will goes through a probate court system in which a new deed is established.
Get help from a Certified Probate Real Estate Specialist around your area by going to www.usprobateservices.org and enjoy the benefits of being a homeowner once again. Stop procrastinating and book a free consultation with Joe. He’d be happy to help you.
Free Consultation with Joe Thomas
Contact Info
(215) 452-9415
150 Monument Road Suite 207
Bala Cynwyd, PA 19004
