A title search is an examination of public records to determine a property’s ownership as well as any claims upon it. This includes loans, property taxes, and liens, for example. As a potential homebuyer, it is imperative that you are fully aware of any legal issues that could complicate your ownership of a property. This is why we perform a comprehensive search, followed by a title curative to help resolve any issues that arise from the search.
As part of any transaction, we provide a settlement attorney/agent who will serve as the notary for any pertinent legal documents that require notarization in accordance with state law.
As part of virtually any transaction, documents must be recorded in land records to show that there is a new owner/lender with a secured interest in the real property. It is critical that the recording is done in a timely manner to protect both the buyer and the lender from any party conducting a transaction which might otherwise jeopardize their interests.
Title insurance protects your ownership of a property. When you are buying a home or land, you are buying something that has been owned by others before you. With over 100 types of title defects, you will want to make sure you have 100% ownership of the property you are buying and that the property is also free and clear from any potential claims that may arise after you purchase the property.
A deed is a document showing the transfer of property from one person to another. We can assist you in choosing the right type of deed and preparing the document itself so that it can be filed with the correct government agency. Having experienced professionals handle your deed preparation ensures that the process of transferring property will run smoothly.
Power of Attorney
A power of attorney authorizes another person to act on your behalf in legal and business matters. This is relevant to a potential buyer, borrower, or seller if they are unable to be present at closing, enabling an attorney-in-fact to sign in their stead. The original power of attorney document must be present prior to or at the closing because it is recorded in the land records at the courthouse. We will prepare this document for you.
REO Property Settlement
REO stands for “real estate owned.” This signifies that a property is owned by the bank as a result of foreclosure. For transactions involving REO property, buyers must adhere to the lender’s and/or asset managers’ unique set of requirements. Because we are aware of and familiar with these requirements, we can facilitate a smooth settlement from start to finish even when the property is REO.