Choosing a Title Insurance Company - A Consumer’s Guideline

Title Search Services - A smooth sale or purchase of real estate predominantly depends on selecting the right escrow officer or title attorney. Most often the closing agent is chosen by the buyer or seller; however several factors have to be considered before making this decision.

Picking an independent escrow office or a real estate attorney from a title company is a choice that should be made after careful deliberation. You will be working with this person for the next 30-60 day period till the sale or purchase gets closed, and hence they have to be well informed and reliable. This person will work closely on your instructions; maintain confidentiality and take responsibility for keeping your funds safely deposited in an escrow account.

The primary criteria for you to consider before choosing a title insurance company is the reputation of the company in the community. The best way to go about this is to ask your friends about their recent experience with real estate transactions and to recommend a company they have had a pleasant experience. You can inquire about the professionalism and promptness of the company in completing the transaction efficiently.

Another critical factor to look for is the managerial experience of the company you are choosing. You can question them about previous experience, knowledge of the subject, and ability to solve problems. You may have to meet the escrow agent’s office several times to sign papers, deliver or pick up checks, etc. so the proximity of the office location also makes the interaction smoother.

The most important criteria to consider are the fee charges of the company or agent. It should be predetermined and fixed well ahead of closing and before you choose your title agent.  A title insurance company with a good reputation and one who charges a reasonable fee is an ideal choice for you. Title insurance fees and escrow fees can vary from company to company.

A one-stop solution for your title attorney needs is Indus Abstract Services LLC. It provides title search and title insurance services, and offers support and the right knowledge, helping you make an informed decision. With ten years of experience and financial expertise, they will provide services that are reliable and proven. Their services include title search services, report preparation, recording, tax search services, and more which makes it an ideal destination for all your requirements for the purchase or sale of real estate.

Choosing your title insurance company based on all the criteria mentioned above is an in-depth process but will yield beneficial results. You may be required to ask questions, go over documents and discuss all aspects of your closing process in detail, so it is essential to choose someone you are comfortable working. It is a vital decision you need to make in order to achieve your final goal of a timely and smooth real estate sale or purchase.

Indus Abstract Services LLC provides the finest Title Search Services in the Industry, building you hassle-free before you buy any property. Call us at +1 302-298-3300 for more.

Municipal Lien Search

Due diligence may vary from state to state and many jurisdictions have some unique laws that may affect the real estate transactions and this is why a property buyer be aware of municipal liens and the super-priority of super liens. Hence, it is highly recommended to perform a municipal lien search when you are thinking about buying a property anywhere across the globe.

What is a municipal lien search?

The municipal lien search is conducted with the county or the city finance department to determine whether there exist any unrecorded special assessment lien, and unrecorded agreements that impact other development fees, amount due, and unpaid fees payable to the county or municipality as a result of code violations that are associated with residential or commercial real estate.

How municipal lien searches act of utmost importance?   

        A municipal lien search ensures home buyers and real estate investors that they won’t find themselves trapped with any foreseen debts. This search can even look for unrecorded property issues that cannot be found by the traditional title searches. Failure to catch these problems early with municipal lien search means that the buyer would be responsible for resolving all those pending items like that of outstanding fees or brining a property into compliance which will be time-consuming and very costly.

What is included in a municipal lien search?

          A municipal lien search will serve the attorneys, title agents, and the realtors with unrecorded and municipal lien search for all the cities and counties. Our team of experts conducts extensive searches in order to identify the issues prior to closing to ensure the property buyers. With the municipal lien search, all the below reports will be received.

ü Real state property taxes

ü Special assessments

ü Building Code violations and liens

ü Open permit/expired permit

ü Code enforcement violations

ü Water utility balances

ü Sewer utility balances

ü Solid waste utility balances

ü Stormwater utility balances

ü Unrecorded county and municipal debts

Reason of Outsourcing Title Search and Job of Title Abstractors

The Title Search Services is an important step of mortgage processing. It is carried out to ensure that the property being mortgaged has a real title. Properties change possession often & in the process mistakes arise. If you have a mortgage company, you want to protect your consumers and lenders from these errors.

Freelancing title search services can make sure that your borrower's & loan providers are completely risk-free after closing a loan file. In short, you can allocate the task of searching a land title to a separate company.

There are many firms that do this kind of work within their business premises. They don't request tools of work, staff (or) anything else from your mortgage firm.

These service companies are completely independent, efficient, reliable and trusted. Outsourcing title search services are being used as a cost-cutting technique in the entire mortgage business. It is a strategy that companies are using to prevent the traditional recruitment process. Outsourcing title search procedure to title search companies is, therefore a brilliant idea.

They work with several title abstractors. An abstractor is a state licensed expert who possesses a lot of knowledge & knowledge on real estate issues. He (or) she scrutinizes public records carefully to locate the title to the property being mortgaged.

Outsourcing title search allows you to create various reports easily. This can support you close many loan files in a single day. The reports and files you are most likely to receive from external abstractor teams include the following

• All deeds in the chain of a title

• Reports on Easements, sidewalk violations, limitations, liens & right of way among the others.

• Bankruptcy documents in case the current property owner is struggling with bankruptcy.

• Mortgage report in case the property in question has default claims

• Land title and full property report

• Current owner report (or) property information report.

Indus Abstract Services LLC provides the best Title Search Services in the Industry, making you hassle-free before buying any property. Call us at +1 302-298-3300 for more.

Extended Full Property Title Search

Title Search Services - Extended property title search can be executed on the Internet. One would just require getting a database & placing the address of the property in order to get it's complete details.

One factor that should be kept in mind while performing online research is that every online resource does not offer extended full property title search service. There are some online sources which just provide the basic details about properties. If you have been looking for comprehensive information then you would have to choose the useful resource which offers extensive records.

Extended full property title search services can be conducted on County's property inquiry website. I have noticed that every County has offered this sort of website for helping the folks who want to buy land (or) home in that property. It means that no matter where you have been residing, if you have been preparing to buy a land (or) home in any other County then you can go on the preferred County's inquiry web site in order to collect records about the property which you want to buy.

If you have identified a property on sale in the preferred County then you would also get it's address. You can use this address of the property on the County's query website in order to pull anything about the preferred land (or) house.

Various key things about the house (or) land can be used to execute an expanded full property title search services. These things are map range, name of the owner, full address, reference number (or) package number of the property. Any of these things can be used to get details but there are some restrictions with few of these things.

For example, if you would use the name of the proprietor then you would get the record of all the properties which that person includes. It means that the name of the proprietor would not take you to any particular property but it would take you to the collection of properties.

However, if the person possesses only a single house or land then you would go straight to it's information. Rest of the factors are unique for each land (or) house that is why they would lead you to the information of any specific asset.

Indus Abstract Services LLC offers the best Title Search Services in the Industry, making you hassle-free before buying any property. Call us at +1 302-298-3300 or mail us at info@ias.us for more details.