Title Search For Real Estate Investments
A property title search is a critical element of buying or selling a home. It is a review of the public records to determine the ownership and status of the property. The process will also reveal any liens or encumbrances.
Why Do You Need to Search the Title?
The title search is important to protect the interests of all parties involved in a real estate transaction. It can reveal issues with the property, such as outstanding mortgages, tax liens, or judgments. If there are any defects in the title, they can be resolved before the sale closes.
Who Performs a Title Search?
Title companies and real estate attorneys are typically hired to perform title searches. If you are planning to buy a home, understand the process of completing a title search before discussing your options with an attorney or title company.
The service provider will research the property’s title history, going back as far as the county records go. They will also check for any pending legal action that could affect the title. This process can take some time, so starting the search early in the home buying process is important.
How Long Does It Take for the Company To Search the Title?
The time it takes to complete a property title search will vary depending on the complexity of the title and the availability of the records. Generally, it will take two to three business days. If you are in a hurry, some companies offer a rush service for an additional fee.
What Is Included in a Title Search?
The title search will include a review of the public records for the property. This will include the deed, the mortgage, and any other liens or encumbrances. Also, it encompasses a review of the property taxes and any other assessments. The title search should also reveal any restrictions on the use of the property.
How to Find the Right Company for Title Search?
Title companies offer a wide range of services, so it is crucial to find one to meet your needs. When looking for a title company, ask about their experience with title searches and real estate transactions. Ask if they have access to the latest technology for conducting title searches. And, most importantly, ask for references from past clients.
A title company can be an important partner during a real estate transaction. Carefully review the options and discuss the process with your title company before closing.
Call Nationwide Title Agency for a Comprehensive Property Title Search
The title company you choose should be experienced and familiar with real estate transactions in your state. Call Nationwide Title Agency at 888-308-6465 for a competitive, low-cost quote.