As a past Real Estate Broker, Attorney who represented real estate clients, and one who bought and sold several farms, I can speak from experience when I say BUYER BEWARE. Here are a few of the available tools to determine the quality of title.
1) You can pay for and obtain an "Attorneys Opinion" as to quality if title
2) You can pay for and obtain an Abstracters Title Search by a professional who searches all the records at the courthouse and recorders office and does a Lien Search and UCC Filing lien search
3) You can buy an Owners Title Insurance Policy
CAUTION many realtors and many lay persons and many inexperienced non professionals DO NOT REALIZE OR UNDERSTAND the significance and importance of BOTH the Schedule A and Schedule B EXEMPTIONS listed on the Title Insurance Policy SO READ AND BEWARE
With such a huge investment and huge risk you just might want to consider the use of a local competent trained professional versus lay persons advice alone, its your money and your risk however, do as you please.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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