A title search is a quick easy way to start off your transaction. Many times people don't understand the need for title insurance at all. A title search can be used for many things like, finding an owners rights to the property, learning what liens exist and if their are any variances placed on the existing property.
A search of the public records is the first step of the title insurance process.
It begins with a thorough examination of all documentation that pertains to a specific piece of property in order to evaluate the condition of the title.
These documents typically include past deeds, court records, name indexes, tax rolls as well as other documentation. The main reason to conduct this search is to evaluate the seller’s ability to sell the property.
The search will reveal any defects or burdens on the property, including liens, easements, taxes and special assessments.
Compass Title & Closing offers their services to many REO Asset Managers, Real Estate Agents, Banking and Servicing Institutions and many other partners.