By Lydia Blair
Special Contributor

Home buyers often like the sense of protection they feel when getting a home warranty on the property they are buying. Until they discover their home warranty is much less effective than expected.

Seasoned and savvy buyers know that a home warranty policy offers limited coverage. They aren’t all-inclusive. In my opinion, some are kind of useless.

Why hate on home warranty companies? I order a lot of home warranty policies as part of my job. And I’ve had home warranty policies on my own properties. Seems like we all have stories of rejected claims and paltry payouts.

Most homeowners who get a home warranty policy do so at the time they purchase a home. Sometimes they negotiate for the seller to pay for a one-year policy as part of their purchase contract. That may be the best reason to get one.

“Any person can buy a home warranty in most cases,” says Julie Jones, Vice President of Real Estate Sales for Nations Home Warranty. “There are different plans and different pricing. You might get your best deal if you’re getting it at the time you are buying a home. “

Just what are home warranties and what do they cover?

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By Lydia Blair
Special Contributor

Lots of folks are dying to buy or sell a home. They may be eager, desperate, impatient, or anxious. However, they’re not literally dying.

Except when they are.

Yes, it has happened that a buyer or seller dies while they have a property under contract. They could die the day after the contract is signed or as they are walking into the title company on closing day. Both of those scenarios have occurred in offices where I’ve worked and it’s awful for everyone.

But what happens to the deal?

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By Lydia Blair
Special Contributor

Despite the sound of the name, there is nothing secretive or hushed about ‘Quiet Title.’ This is actually a legal action to ‘quiet the title’ under Texas law.

Quiet Title refers to a lawsuit to clarify the ownership of land and the validity of any liens on a piece of property. Legal action to quiet title is basically a suit filed to establish the true ownership of real property.

Typically, the reason for a quiet title lawsuit is to remove a cloud from the title. A cloud is any potential claim to ownership of a property such as a lien, encumbrance, mortgage, legal dispute, tax levy, partial ownership claim, etc. These are usually discovered in a title search of the property conducted by the title company or title plant. 

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