How To Do A Title Search



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A title search will analyze the public records that are available to the property in question. In most instances an attorney or agent will utilize a number of different legal records to verify that the owner is legitimately the owner of the property. Beyond that, however, the online title search also reveals any other liens or claims against the property. They can range from tax liens (paid or unpaid) to judgments filed against the property owner due to various negligent acts.

To have full access to this information, it is necessary to conduct a title search at least once per year. Contact the county clerk of the county in which the property is to conduct this. They will give you information regarding the due date for the title search and also what the cost will be. They are usually quite affordable. These costs can quickly add up when the property has been held by multiple owners or if it was the subject of multiple court rulings.

There is a different way to go about conducting the title search that doesn’t involve the county clerk. You can make contact with a title agency or private investor that has the ability to access the public records and find any judgments or liens against the property. Sometimes, it is simple to contact the lien holder or sending them a note. Sometimes, it’s going to court or making formal requests through courts. It doesn’t matter how it happens the process of locating the liens and judgments could be lengthy and tedious.

With that stated, it is vital to keep in mind that there is an appropriate time and location for all of these actions. If there are multiple parties involved in the title search, you need to conduct your research. Conducting a title search is required to be done regardless of whether you are working with an agent representing real estate, a title company or an individual investor. A clear title is only obtained through a legal claim to the property on the day of the transaction.

You could choose to purchase the property yourself, and you will need an open-title insurance policy. The presence of this policy will make the selling process extremely simple to complete. Unfortunately, not all buyers will have an easy process. It is important to follow the rules of your state regarding this activity, as there are numerous factors which can affect the sale of a home.

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If you decide to purchase the property on your own and you find judgments and liens registered against the property you need to first conduct an official title search from the county where the house is located. A limited coverage search won’t typically reveal additional liens that would prevent the buyer from purchasing the property. A lien register is typically list all liens on a deed of trust.

Title insurance generally covers you from liens and judgments following closing. However, a title search can also reveal other issues with ownership. For example in the event that there was an owner prior to the search who had an outstanding mortgage on the property, but never made an entire payment, it could be that a second mortgage was obtained. A title search may identify the name of the mortgage holder in this instance. To shield yourself from claims of wrongdoing by others, you’ll have to establish a Limited Liability Company (LLC) or an unlisted mortgage in the event that there is no mortgage.

Sometimes a Limited Liability Company or an Unlisted Mortgage may be required to pay some taxes. In this case, you will need to inform the local tax authority that a deed of trust or other ownership documents were used to acquire the property. After you have completed your title search in a timely manner you will be better prepared to present this information to the closing agent and/or attorney at the time of closing.

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