| What is
a title search?
|
A title
search is a detailed search through public records to
uncover any recorded legal interests in the property.
Any purchaser or lender should be certain that the
seller has the legal right to sell the property and that
the property is unencumbered by liens or other legal
issues. A thorough review of the county records will
provide property information to the purchaser, seller,
lender, attorney, and all other parties of interest,
regarding the marketability of property. Without proper
and accurate title examinations, all parties could be
subjecting themselves to future liability and/or losses.
American
Abstract's examiners will document any relevant issues
found in the county records including the following: |
|
Please call us if you require any other
type of property information, we have many different
types of search that reflect different property
information. |
Who needs a title search?
Some typical uses of a
title search are as follows. First, many of our clients are
investors, looking at properties for purchase. Some investors
buy properties through foreclosure, or at auction. These
potential buyers wish to determine the status of any liens that
may be on the property. Other clients are real estate buyers,
who want to understand the ownership of a property before they
make an offer on it to the seller or broker. Sometimes, knowing
the amount of mortgages on a property, or if there are financial
problems can help with the negotiations. Also, our title
searches often include comparable sales data, to see what other
properties in the area have sold for.
In addition, some of our clients need a title search as part of
a family event, such as divorce, estate or otherwise.
Many homeowners are now checking their own homes title status on
a regular basis, to make sure no liens are attaching to the
property.
Can I do a title search myself?
Yes! In most counties
and cities, anyone can visit the records office, and retrieve
the data and documents needed to create a title search. In most
cases, the only cost is that of copying fees. Most municipal
offices charge about a dollar a page for copies.
Keep in mind that pulling all the right documents can be
time-consuming and tricky. Often, documents and liens can be
cross-referenced in different ways in different counties.
Sometimes owners name is used, sometimes address is used, and
other times PN# is used.
Using a professional title search firm makes sure that someone
with experience in collecting all relevant documents is
performing the search.
What is the difference between a
property report and a title search?
You may see that property reports are available online,
sometimes for as little as $10. This report is usually a copy of
the tax records, showing the name of the assessed owner, and
possibly with some neighborhood information. This is NOT the
same as a title search, as it does not search for liens, or
ownership transfers.
How long will it take to get my title
search results back?
Searches take about
24-72 hours. (Not including weekends)
How are the results sent to me?
We normally sent the
results by email, we can also fax the search upon request.
How do I contact someone at your
company?
We can be reached in
several ways. Our office number is 631-262-1826. Email us at
info@nationalabstract.com. Our fax number is 631-262-1927.
Is the property owner notified of a
search?
No, our search does not
involve visiting the property, or notifying the owner, or
occupants. County records offices do not normally make notice of
searches either.
Do you have volume discounts?
Yes, you can learn more
about volume discounts by calling 631-262-1826 ext. 105
Deed Reports |
Property Reports |
Statutory Title Searches |
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Information on a specified parcel of property. Reflects the owner(s) of record or grantees of record, the type of ownership..... |
This report is also known as a Current owner Report, expands on the limited ownership search by also requiring research to be done..... |
Complete ownership history back to the last 50 years. The ownership history (chain of title) will provide all owners' names and deed information.... |
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