Hi, Does anyone have any information on buying a Torrens Title property?

Question

are there any catches and sneaky rules with buying Torrens Title Property?

Thanks, can't find much about it on Google

Answer 1

There are no tricks. It gives you clear title to a property.

The Torrens Title originated in South Australia.

Torrens title is a system of land title where a register of land holdings maintained by the state guarantees indefeasible title to those included in the register. The system was formulated to combat the problems of uncertainty, complexity and cost associated with old system title, which depends on proof of an unbroken chain of title back to a good root of title.

http://en.wikipedia.org/wiki/Torrens_tit...

The Torrens Title System was first introduced in SA in 1858 and subsequently used in other Australian states and around the world. Torrens Title is named after its inventor, Sir Robert Richard Torrens, who was instrumental in the implementation of this unique and efficient system of dealing with land. The system resulted from Sir Torrens' desire to improve on the old English land law system which was very complex, time consuming and expensive.

The main object of the Torrens Title System is to make the register conclusive. Once your name is registered on the Torrens Title register, you become the owner of the property to the exclusion of all others. You therefore obtain ‘title by registration', which is a pivotal concept of Torrens Title.

http://wic003lc.server-web.com/~admin417...

Answer 2

It is a system of registering property and showing ownership. There are no sneaky rules -- it is run by the county clerk. Where I live in Illinois, this system has been phased out. You don't really have to do anything; it's all handled by the title company.