TITLE CLEARANCE CERTIFICATE

Title Search Report

If you are thinking of buying property, or perhaps received property as a result of inheritance, it’s important to find out who owns it and what liens exist. A Report of Title is highly recommended.

You might not realize that there are actually liens that survive foreclosure. A comprehensive Title Search Report from www.TitleClearance.com will uncover hidden perils to a clear Title.

We perform a chain of Title Search Report that covers 30 year plus history of the Title and its relevant property. The Search includes federal, state and municipal lien search on all owners in the chain of Title, Home Association lien search on all owners, civil judgment search, including foreclosure proceedings, in addition to bankruptcy and tax delinquency status. All of this property-related information is retrieved within 30 year plus Title Search summary, as well as relevant documents copies that are captured.

Title Clearance Certificate

Title Clearance Certificate goes to the very essence of having Title Searches performed.

These are some questions which strikes our minds whenever we come across the term Title Clearance Certificate assures that Title fraud has not occurred and that the buyer is entitled to retain clear ownership of the property.

Title clearance Certificate is of the utmost importance to all parties involved in the transaction. It assures all parties that the transfer of Title is cleared and that comprehensive due diligence has been performed throughout the Title process.

Municipal Searches

Municipal Searches provides a comprehensive and detailed investigation to determine if there are any Code Violations, Open/Expired Permits, Unrecorded Liens, Special Assessments, Unpaid Water/Sewer/Garbage Balances, Taxes, and Misc. Utilities associated with a property.

Municipalities sometimes attach unrecorded liens to a property, which is expensive and requires extensive corrections or repairs. This type of information is usually not recommended for default/REO transactions.

Bankruptcy Searches

Bankruptcy Searches can reveal situations when an Abstract of Judgment has been Bankruptcy searches can reveal situations when an Abstract of Judgment has been recorded and the seller has subsequently filed for relief under the bankruptcy laws. The discharge of the seller’s bankruptcy, however, doesn’t eliminate the lien of the recorded judgment. Bankruptcy does NOT eliminate the lien of the recorded judgment! Once recorded, it essentially becomes a “perfected lien” and will only be removed by an “Avoidance of Lien Order” from a bankruptcy court.

Although a bankruptcy discharge might relieve the debtor of personal liability, it doesn’t eliminate the lien. The creditor might not be able to attach the wages or property of the debtor but he still has a lien against the property, which can then be enforced against a third party.

A title company won’t insure over the amount of the lien for this reason and will require either the appropriate court order or the actual payment of the lien. Bankruptcy must be finalized first.

Foreclosure Searches

Searching foreclosures is an important part of the title discovery process. It can also reveal interesting purchasing and investment opportunities.

Contrary to popular belief, foreclosures don’t always match a “one size fits all” category.
There are different stages of foreclosure that are not always readily discovered :
• Pre-preforeclosure: This can be confusing, especially when seeking discovery and disclosure. It’s not the same as pre-foreclosure.
• Pre-foreclosure.
• Foreclosure.

It’s important to know exactly what stage of foreclosure the property is in and www.TitleClearance.com Company will provide comprehensive information.

Financial Statement Searches

Financing statements are filed by mortgage companies, banks, and lenders against secured collateral. Our financial statement searches will offer information on secured collateral, and the www.TitleClearance.com Company All search will reveal if others have filed a claim against the existing collateral.

Recording Services

Our Document recording services offer the filing of real estate documents for recording purposes, a review of documents for original signatures, dates, notary acknowledgment, the document’s reference to real property, and the county requirements. In addition, www.TitleClearance.com company provides a calculation and preparation of the relevant recording fee checks to the appropriate county or government agency, and mailing.

Follow ups also occurs with the local office or county after the document was sent for recording to ensure that both the recorded document and final policy are returned in a promptly.

Recording Services

Our Document recording services offer the filing of real estate documents for recording purposes, a review of documents for original signatures, dates, notary acknowledgment, the document’s reference to real property, and the county requirements. In addition, www.TitleClearance.com company provides a calculation and preparation of the relevant recording fee checks to the appropriate county or government agency, and mailing.

Follow ups also occurs with the local office or county after the document was sent for recording to ensure that both the recorded document and final policy are returned in a promptly.

Notary Services

Errors and omissions can occur due to the complexity of the transaction and the related title process. As a result, it becomes important to have all documents notarized. It at least assures that professionals have scrutinized the transaction documentation throughout the process.

Notaries, like other professionals such as lawyers, accountants, architects and doctors, have an exposure to liability for the services they perform. In the case of Notaries, state statues uniformly affirm that a Notary by an error or omission committed by the Notary.

Sale Deed/Title deed / Conveyance Deed/Loan Agreements/MOU

Description of Property Document: A sale deed acts as the main legal property document for evidencing sale and transfer of ownership of property in favor of the buyer, from the seller. Further, it also acts as the main property document for further sale by the buyer as it establishes his proof of ownership on the property. Normally sale deed is executed after execution of sale agreement. Sale deed confirm that terms and conditions detailed in the sale agreement as agreed upon between the buyer and the seller are complied. It is mandatory to register the Sale Deed in Sub Registrar office in whose jurisdiction property is located. It is mandatory to register sale deed within 4 months from the date of execution else you need to pay penalty or it stands invalid.
Why it is required: To establish the ownership of seller on title of property
Mandatory: Yes. All previous Sale Deeds are required in original
Required in Original: Yes
Required For: Property Purchase + Home Loan

RTC Extracts

Description of Property Document: R.T.C is issued by the Village Accountant. It contains details of the extent of land in a survey number or a sub-survey number, the extent of kharab land therein, the names of the present and previous owners, their respective holdings and names of the tenants. It also include details like the kind of soil/crop, any mortgages, charges made on the properties contained therein, the status of land (whether Inam land or not), the conversion order number, date in case any property converted therein from agricultural to non-agricultural use, the references to mutation and inheritance certificates where there is any change in ownership etc.
Why it is required: To establish the Title of Land, if the property is located on converted land e.g. converted from agricultural to non-agricultural use
Mandatory: No
Required in Original: No
Required For: Property Purchase

Closing and Settlement Services

Real estate professionals often refer to the closing as the settlement, and the terms are used interchangeably.
The result is always the same. All of the parties to the transaction will sign the documents and then you become legally obligated within the terms of the transaction.
The Company works closely with real estate advocates and other industry professionals, dedicated to the successful outcome of the transaction and its conclusion.