Everyone knows a real estate transaction NEEDS a title search, but do you know what’s included in one?
Here are 4 key pieces of information reported in an NTS title search.
1. Outstanding Liens
This might be the most important information a title search will find. We’ll find out if the property has any voluntary liens, like mortgages, and if there are involuntary liens such as tax liens.
2. Current Ownership & Chain of Title
This information reveals the current owner of the property and the title history. It may seem obvious, but we always make sure the property is being sold by the Seller on the listing.
3. Real Property Description
This is legal description of the property as recorded in public record. Combining the real property description with the survey gives buyers a big picture view of the entire property being purchased.
4. Tax Information
This info will include the ad valorem taxes, included current payment status of the property and any back taxes due.
For more information or to order a title search, contact us today!