How To Do A Title Search



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A title search will reveal all public records that relate to the property. A lawyer or agent will utilize a variety legal documents to prove that the owner is legally the owner of the land in the majority of instances. Beyond that, however the title search online also uncovers any other liens or other claims that are against the property. These could range from tax liens (paid or unpaid) to judgments against the owner for a variety of negligent actions.

In order to gain access to all of this the information, a title search should be completed at least annually. Contact the county clerk in the county where the property is located to do this. They will inform you when the title search will be due and what the price will go. Usually, they are quite affordable. These costs are often high when the property has been held by multiple owners or if it has been subject to several court judgments.

You don’t need to consult the county clerk in conducting a title search. Instead, you can contact a title firm or private investor that is able to access the public records and locate all judgments and liens on the property. Sometimes, it’s just a matter of calling the lien holder on the phone or writing them a letter. Other times, it will need to be taken to court or make formal demands to the courts. Regardless, of how it comes about the process of locating the judgments and liens could be time consuming and very frustrating.

With all that said, it is important to remember that there is a specific time and date for each of these activities. If there are multiple parties involved, you must perform your due diligence. You must conduct an inquiry into title regardless of whether you are working with a real estate agent or a title firm or an investor who is private. The only way to clear title is to be legally entitled to the property as of the date of the transaction.

You might decide to purchase the house yourself, and will require an open-title insurance policy. This policy can make the sale process extremely simple to complete. Unfortunately, not all buyers will have an easy time. You must carefully follow the laws 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 buy the house on your own and there are judgments and liens registered against the property first conduct a title search from the county where the house is located. A limited coverage search won’t usually uncover additional liens that could hinder the buyer buying the house. A lien register should include all liens on a deed of trust.

Title insurance will typically protect you from judgments and liens after the closing. A title search may reveal other ownership issues. For example, if there is an earlier owner who held a mortgage on the house, but never made an entire payment, this could indicate that a second mortgage was obtained. In this scenario, a title search could identify the name of the mortgage holder. If there’s no mortgage, and the closing was completed against the liability of the buyer, you should conduct an Limited Liability Company (LLC) or an Unlisted Mortgage to protect yourself against accusations of wrongdoing from an unrelated third party.

Sometimes a Limited Liability Company or an Unlisted Mortgage will be required to pay some taxes. In this case you must inform the tax authority in your area that a deed of trust or other ownership documents were used to obtain the house. After completing your title search promptly you will be prepared to provide this information to the closing agent or attorney when you close.

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