The Definitive Guide to title search services job description

Understanding Title Search Services

There are a plethora of reasons why one would need to undertake a title search on the property. The most obvious reason is the inability to understand the true meaning of the property title search. This happens most often when the owner has been living in the property for more than fifty years. Even though the original owner was not in residence during the time of its occupancy, the current owner re-applied for ownership of the property without obtaining an insurance policy that would cover the cost of rebuilding the house if it were destroyed. In this case, it is most prudent to undertake a title search on the property using a title company that specializes in land ownership.

Title Search Services provide information about the precise property and its ownership to the buyer before they offer to purchase the property is presented. Title Search Services are also useful when one is purchasing a property from a person who has title insurance coverage and is unwilling to let his property be sold to a buyer without title insurance. By using title search services, the buyer can protect himself from any subsequent claims regarding the property. In the United States, the Government is bound by law to assist any person who has been the victim of fraud or who has been injured through no fault of his own.

Title Search Services are also essential in the buying of investment properties, such as apartments. The property title search will identify any outstanding liens against the property that the buyer may have incurred, even if the owner has not been in residence during the time of the infraction. For example, if the owner of the apartment was away on a business trip and was unaware that there were unpaid liens against the property, the owner's absence would make those liens effective against the buyer.

Many title companies also provide title search services to investors and individuals. These companies have a vast pool of information and data about properties, which they have purchased over the years. The title search company does not know any better than the lender what value the property is likely to have at a future time. Therefore, the title company is paid by the lender for its services. The costs of the title search services are paid to the property title search services title company through a fee paid to the lender.

Most title search services deal exclusively with property ownership. They do not have access to property liens, encumbrances, judgments, or other debts associated with the property. Title companies are not concerned with issues surrounding the building itself; they only know the property. If a land lien is registered against a property, the title search services will not have any knowledge of that lien.

A good title searches company will be able to locate the owners of the property, whether the land is owned free and clear of liens. Title searches are performed monthly and most will title search services definition perform several title search services nj title searches for you each month. The cost of these services is based on the number of searches performed. Some companies charge a flat fee for one-to-one searches, but there are many title searches available for under a flat-rate fee.

If you have a real estate agent involved in the deal, the title search process is made even more simple. The real estate agent already knows the liens that exist on the property. He also has the owner's name, address, phone numbers, and other information about them. This allows him to pre-qualify you as a potential buyer. If you have a bankruptcy on your credit report, you may still qualify for the title search. Bankruptcy matters are not an issue for a real estate agent.

If you purchase a property, the land lien certificate is the first piece of legal property ownership documentation you receive. It does not matter if the property is free and clear or loaded down with a lien. If you purchase a property from a private sale, the title report remains with the purchaser. Title reports help protect you against title problems. They also give you peace of mind so you can focus on the rest of the buying process.