What should be done if there are discrepancies in a real estate title?

When discrepancies in a real estate title arise, it is essential to conduct a title search or obtain title insurance to address and resolve these issues effectively. A title search involves reviewing public records to ascertain the ownership history of the property and identify any liens, claims, or other encumbrances that may affect the title. This investigation helps uncover potential problems that could lead to legal disputes in the future.

Obtaining title insurance is a protective measure that safeguards against loss arising from defects in the title that might not be uncovered during the title search. If a discrepancy is found after the purchase, the title insurance policy can provide financial protection for the buyer.

The other options do not adequately address the complexities involved in title discrepancies. Selling the property immediately without resolving the title issues could expose the seller and the new buyer to significant legal risks. Creating a new deed without first addressing the discrepancies might not resolve the underlying issues and could lead to further complications. Thus, conducting a title search or securing title insurance is the correct and prudent course of action when dealing with title discrepancies.