Title Search
A property title search is a search conducted by licensed professionals to look for outstanding encumbrances and title deficiencies as well as to confirm the owners name and state of land tenure. When customer buys a property, the encumbrances and deficiencies must be cleared beforehand from the title as it can become unfair and inevitable liability to purchaser. Every purchaser deserves a clear title and we make sure you get that.
A title search is a must before making any real estate purchase. It ensures that the seller has the legal right to sell the property and that there are no other encumbrances (such as liens, mortgages etc.) that could prevent the buyer from taking full possession.
Types of Search
- Detailed full title search on current and previous owners, done for Sale/Resale transactions and for transactions that involve construction loans for insured products.
- Includes searches related to property lien, easements, CC&Rs - covenants, conditions and restrictions, agreements, resolutions and ordinances that affect real property.
- This search covers history of 20 to 60 years.
- Current owner search involves searching for the details of the present title holder of the property and latest deed with consideration.
- Two-Owner title search is for the last two owners in the chain of title of the subject property.
- Search report usually includes details like vesting deed, current tax status, county assessment information, open mortgages, judgments, liens, and legal description.
- It is required for origination of home equity transactions, short sale, foreclosure auctions and pre-tax auctions.
- This search is conducted by pulling all relevant deed documents and identifying the latest vesting deed.
- Search report usually includes details like property address, parcel number, owner's name, legal description, and tax information.
- This is a simple update on recent history of the subject property from the date of the last search to the current date.