- December 15, 2014
- Posted by: U.S. Title Records
- Category: Property records, Property records search, PROPERTY TITLE SEARCH, Title companies, Title conveyance, Title reports
How and obtain Preliminary Title and lien search records online
When buying a new home or property you may be startled by the number of extra expenses that start getting added to the expense of the purchase. You full well expect to pay six or seven figures for the property and you know there is a commission for the broker and perhaps taxes to be paid, depending on the state, but smaller things can also add up. In particular, many home buyers find themselves tempted to cut costs when it comes to having the property in question properly inspected and researched. This might be a matter of not having a surveyor check for subsidence or property inspector for termites etc., but it could also mean skipping out on a detailed title search and searching for liens attached to the property.
How is a lien issued
Liens are public notices attached by a creditor to property announcing that the owner owes a debt to be collected upon the value of the property. In essence, the value of the debt is held against the property. As a buyer, it’s important to know about any liens against a property in order to ensure they are paid off prior to purchase. More importantly, understanding what is owed on the property gives you negotiating power. For example, if $200,000 is owed on a given property and it is listed for $200,000, there is no room for negotiation unless the seller has the funds to pay the difference. However, if the property is valued/listed for $200,000, and the seller only owes $100,000, the buyer knows that there is some room for negotiation.
Frequently, liens are recorded on a property being sold because debtors are selling precisely in order to pay their debts. If you make an offer on a home without first that ensuring that all liens have been satisfied, you may encounter major problems during escrow and not be able to obtain clear title without asking the seller to adjust the price and take the liability into account, or arrange to have the liens paid and satisfied prior to closing.
Performing an online title search to obtain preliminary title information
U.S. Title Records is able to quickly investigate any given property in the United States for much less than the cost of a conventional preliminary title report through a title company and much faster (3o to 90 minutes upon order v.s. a matter of days). After performing a thorough title and lien search, extra security may be assured by purchasing title insurance. This will cover potential liabilities from any liens exposed or added at the last minute before the final sale and before any potential legal disputes arise regarding title.
What is ‘Title Search’ and what is involved in the process:
States covered by US Title Records Services
AL. Alabama – AK. Alaska – AZ. Arizona – AR. Arkansas – CA. California – CO. Colorado – CT. Connecticut DE. Delaware – FL. Florida – GA. Georgia – GU. Guam – HI. Hawaii – ID. Idaho – IL. Illinois – IN. Indiana – IA. Iowa – KS. Kansas – KY. Kentucky – LA. Louisiana – ME. Maine – MD. Maryland – MA. Massachusetts MI. Michigan – MN. Minnesota – MS. Mississippi – MO. Missouri – MT. Montana – NE. Nebraska – NV. Nevada – NH. New Hampshire – NJ. New Jersey – NM. New Mexico – NY. New York – NC. North Carolina – ND. North Dakota – OH. Ohio – OK. Oklahoma – OR. Oregon – PA. Pennsylvania – RI. Rhode Island – SC. South Carolina – SD. South Dakota – TN. Tennessee – TX. Texas – UT. Utah – VT. Vermont – VA. Virginia – VI. Virgin Islands – WA. Washington – WV. West Virginia – WI. Wisconsin – WY. Wyoming