Facing Title Disputes? 4 Tips to Help Avoid Massive Financial Loss
Monday, July 1, 2019, 6:00 AM | Leave Comment
If you’re in the middle of a dispute regarding the title for your home or business, there are some steps that you can take that may be effective in resolving the issue and helping you avoid financial loss.
Settling your title dispute in the most legal and ethical way possible can help you maintain ownership of your property without any additional worries.
Here are some of the best ways to settle a title dispute and avoid massive financial loss.
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Ask Your Employer About PTO Options
Your title dispute might force you to miss work to get the issue resolved. A paid time-off (PTO) policy allows you to take a certain number of days off from work for any reason without having your salary docked. Not all employers are required to have a PTO policy, so it’s best to ask your supervisor if a plan is in place to cover you while you’re gone. If your employer doesn’t have this policy, you may be able to negotiate taking time off from work without pay to settle your title issues.
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Hire a Property Settlement Lawyer
A property settlement lawyer can help determine the rightful ownership of a property and keep you protected from financial losses. The attorney you hire will examine all evidence indicating that you’re the lawful owner. If your title dispute involves someone else’s name that’s on the title, your legal representative can help you determine the exact percentage of ownership that you have and inform you of your rights and responsibilities.
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Order a Home Inspection
Your title dispute might involve responsibilities over the upkeep of the property, and arranging for a home inspection will give you a better idea of the condition of your home. You can use this information to determine the exact value of the premises as well as whether your property is compliant with zoning and land use laws. The details that you learn from a home inspection will be especially useful if you plan to sell the property.
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Digitize All Paperwork
Saving all paperwork in digital form will make it easier to organize and retrieve if you need to review information. Digitizing your paperwork will also be beneficial for attorneys or courts that need to handle it.
Another advantage of storing your documents in this fashion is that they can remain better protected if they are kept in cloud storage or another online program that offers state-of-the-art security features.
A title dispute shouldn’t have to leave you in financial ruin. By addressing all the important factors correctly with the most qualified legal representatives and other trusted professionals, you’ll have a better chance of settling your differences while holding onto your money.
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Meghan Belnap is a freelance writer who enjoys spending time with her family. She also enjoys being in the outdoors and exploring new opportunities whenever they arise. Meghan also enjoys researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure. You can connect with her on Facebook and Twitter.
