The length of search that is defined by state statute as the full applicable statutory period required for marketable title or the customary standard in the state where the property is located.
The search should include all names in the chain of title and should report liens and judgments for all owners, current and past. The names must be run for general liens, such as judgments and federal tax liens, for the full statutory period applicable for the state.
Current Owner Search(C/O)
A search that goes back to the FVD and each deed in the chain that was recorded since the FVD must be reviewed to verify that the title passes to the current owner of record.
Two Owner Search (T/O)
A search that goes back to the two FVD and each deed in the chain that was recorded since the FVD must be reviewed to verify that the title passes to the current owner and two owners of record.
Bring Downs/Date Downs(U/D)
An extension of a title search to verify that no liens have been filed against the subject property between the time of the original title search and the recording of the Security Instrument and/or Mortgage/Deed of Trust. The taxes should be updated with present tax findings.
To check if there are any Judgments against the borrower by using the Risk.Nexis.com and upload the search docs in the file.
To check if there is any Bankruptcy filed against the borrower by using the PACER site and uploading the search docs in the file.
Verify if there are any closed liens showing on title and request for release/ Paid in full letter. Request judgment payoffs.
Type the Vesting, conveyance, mortgage, judgments/liens and taxes information into the Client Application as per the Abstract report and proof for any typos or mistakes to correct them.
Tax Search Report(TSR)
We are a provider of tax services to many title agents, vendor management companies and top title underwriters.
Current/ Delinquent Tax Information - Calling to verify current and delinquent tax information on a property. We also verify tax sale and bankruptcy information.
Determine the current status of real estate taxes against a property. Report includes:
- Parcel Identification Number
- Tax year
- Tax Period (annually or installments)
- Tax ID#
- Date Paid and the Amount
- Delinquent taxes
- Assessed Value
- Homestead Exemption
- Building and Land value
- MCPT Info
Broker Price Opinion
The BPO, or Broker Price Opinion, is a tool used by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary. Real estate brokers are given an order to do a BPO by the lender, Mortgage Company or loss Mitigation Company. Everyday thousands of BPO reports are assigned to brokers for value estimation of a particular property.
We prepare HUD settlement statement based upon lender’s closing instructions and the requirements of the title insurance commitment. We will provide the preliminary HUD settlement statement to the lender and/or investor for approval prior to the physical signing, if necessary. We use the closing instructions provided by the lender to the Title Company to complete the statement overnight.
Real Estate Appraisal
Real estate appraisal, property valuation or land valuation is the process of evaluation of Real property value. The value usually sought is the property's Market Value. Appraisals are needed because compared to, say, corporate stock, real estate trades vary infrequently. Not only that, but every property is different from the next, a factor that doesn't affect assets like corporate stock. Furthermore, all properties differ from each other in their location - which is an important factor in their value.
The lack of frequent trading, unlike stocks, means that sometimes appraisers are needed to figure out a property's value. The appraiser usually provides a written report on this value to his or her client. These reports are used as the basis for mortgage loans, for settling estates and divorces, for tax matters, and so on. Sometimes the appraisal report is used by both parties to set the sale price of the property appraised,