Everything about title search service
What is a Title Search?
Doing a title search before selling your property can help you identify how much equity you have on your property and who all is owning it, so helping you decide if the individual selling the property actually has the legal right to it and so forth. This is very important because, as with any transaction, a mistake at this step can cost you a lot more money. To find out how much equity you have on a property, you need to know the number of liens that are on it. This can be determined from the county records or the real estate agent, depending on whom you go with.
Sometimes when people buy real estate, the lien is created against the title. This lien not only exists on the property title search but in the public records also. This means that if you do a title search on your own, you may not find out what the liens are. A real estate agent or a title company can help you find these liens.
You should know that if there are property title search services that give you ownership information that you buy a property at 100% certainty. This is because, unless you go to an actual title company that specializes in finding these types of ownership details, you could get ownership information that is not correct. This would mean that you could buy property but the title to it was not transferable. This is very seldom the case, but because of the cost involved, most buyers avoid purchasing properties that have such ownership problems.
However, if you look into title search services, which specialize in finding this kind of ownership detail, then you can find out the truth about the property title. Once you find this out, you can make a much more informed decision about the property. Most buyers make the mistake of thinking that title insurance is enough to protect them from property ownership issues. This is not the case at all.
Title search services are provided by a title company, which is usually a separate company from the lending company. The title company does this work for the lender. The lender will send the buyer a set of title search services forms and will call the title company for verification of ownership. The title company will then either confirm ownership or will dispute the claim made by the lender.
A title search process is usually only required when a bank or other lending company claims a title. Title searches that start after this kind of claim are usually required when a property is sold within a short period after closing. Title problems usually occur in Real estate transactions that are handled online. One of the first things that happen when title problems occur is that the buyer is charged an extra fee by the seller. Sometimes the seller will try to hide the fact that there is a problem by making the listing appear "just like the rest of your house."
If you are doing real estate closings, title searches are usually performed by the title company as a part of their due diligence service. This means that the title company will request land surveys, ohio title search services appraisals, etc. from various companies before they conduct a title search on your property.
There are many title search services companies available online. They are easy to find through the Internet and most of them have free estimates available. Using the estimates offered, you can decide which company you want to use to perform the title search on your home sale or the home that you are trying to sell. When you are performing your title search, be sure that you contact the title search land registry services title company with questions about their process so that you get everything about your real estate transaction processed right.