Benefits of property title search services - PowerPoint PPT Presentation
Title:
Benefits of property title search services
Description:
Title search is a tedious process which requires thorough examination of property records to establish ownership of the property owner in question, track any outstanding mortgages, liens, judgements and unpaid taxes against the property along with any restrictions like easements and real covenants. For more clarification send mail inquiry to sales@truppglobal.com – PowerPoint PPT presentation
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Title: Benefits of property title search services
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Benefits of property title search services
Property Title search services, especially comes
in handy for mortgage lenders and property
buyers to ensure that a property that they are
interested has a clear title, with no legal
issues, whatsoever. The title search provides
proper evidence as to the ownership rights or
details of any existing legal battles etc. You
can take a look into the public records to get
the required information.
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- Meanwhile, have a look to see the advantages of
property title search services - Gives details of the property ownership or legal
battles There could have been a mistake while
filing or could be there is a forgotten
encumbrance attached to the property you are
interested in or there are border wars still
going on for it. Hence, mistakes or problems
related to the property could be many, which
could also go on to affect your sole ownership
of the property, at a later stage. Title search
services give you all the info and keeps you well
prepared. - It gives proper information about the chain of
titles The chain of title is the recorded
information about the property title transfers
that took place, offering required information
about all the owners. Before purchase, you have
clear that the chain of tile is clear and free
from any type of encumbrances. This helps you to
avail the tile insurance that can protect you
from any ensuing financial loss , as result of
any tile defect propping up after you buy the
property. - It gives proper information about all liens that
still exist A proper title search services is
also expected to reveal information such as if
the current owner of the property has any heavy
debts or other details encompassing IRS liens,
hospital liens, state tax liens, mechanics
liens, child support liens, abstracts of
judgements etc. If there is any existing problem
with any of the liens, it could impact the
peaceful purchase. Hence, it is required to
ensure that the owner is free from any kind of
liens. - Benefit of title search services for a mortgage
lender - Gives details such as if a loan applicant is the
legal owner of a property - Gives proper details if there is any problems
related to the property, so that required - changes can be made
- In case of refinance, you can also see if there
have been any modifications done to it since the
last mortgage - You will be informed in case there are any errors
related to the title search, which will also
have to be cleared - This tells you that title search services is a
significant aspect for all those who wish to
purchase any property or land, because the
service helps you to ensure that the property
you wish to buy is free from any kind of issue or
liability, thus providing a hassle free purchase
experience for the buyers.
For more clarification send mail inquiry to
sales_at_truppglobal.com
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