Defective titles are a real cause for concern for consumers in the real estate realm. These faulty documents are to blame for the wrongful foreclosures and for the hitches experienced in transitioning assets from buyers to sellers. According to the experts, these risks are best avoided by having proper property records.
The experts at Nationwide Title Clearing, Inc (NTC) assist people to gain access to accurate property records. To that effect, this organization went ahead and launched their updated website. Using the site, prospective homeowners can view extensive property report records.
Defective titles could arise as a result of the following:-
- Wording mistakes. Some titles get deemed as null and void because of issues with the choice of words used. The terms and conditions outlined might not be compatible with the real estate market standards in your area.
- The omission of a signature. Different titles have different requirements. Some entail that both the husband and the wife have to sign for it to be legitimate.
- The title could end up being defective as a result of previous liens and encumbrances. To make it credible, these need to be removed.
- One needs to follow the correct protocols when filing and recording real estate documents. Failure to which the titles turn out to be defective.
It is for this reasons that the CEO of NTC John Hillman recommends home buyers first to confirm that everything is in perfect order before purchasing or transferring any piece of property. The evolution of the mortgage industry has been made possible by access to the following information online:-
Assignment Verification Report Services
Current Owner Report
Tax Status Report
Tax Status (Plus) Report
The NTCs’ website lists the research data from all the residential properties in the nation. The organization sources its data from numerous credible and trustable sources. Their research starts at the county level and proceeds all the way to the state levels. All the info and data collected has to be verified. Their success is attributed to their profound understanding of the needs and wants of their clients.
Nationwide Title Clearing, Inc., main agenda is to provide real-estate participants with accurate information and data. This data is essential when it comes to making prudent decisions moving forward. It is ranked as one of the fastest growing companies nationwide. The company got voted as the winner of the Top 100 Workplace Designation firms in Tampa Bay Times. As of 2016, the company employs well over 450 employees. The company has expanded to now have a data center in Dallas, Texas.