Video Transcript:
So what's the difference between a lien search and a title search? This is Dave at A-F-X TITLE, Certified Title Abstractors. A lot of times the idea of a lean search comes up because that's the most important type of record that somebody is looking for on the title. However, a lien search is only one small part of a full title search. A full title search will also have information on mortgages, judgments, easements, and other types of claims against a property and encumbrances. A lien is only one type of that encumbrance. For example, if somebody has a judgment against them personally and they own property, that judgment may attach to that property as an encumbrance. There may also be covenants and restrictions on a property which wouldn't be discovered if you're just searching for liens. If the reason behind pursuing only a lien search is strictly cost, one of the things that you may find is a lien search might end up costing more than a full title search. Because when you're pulling title records, you first pull all of the records that are in that name and you display those on a property title report. If you're pulling a lien search, you still have to pull all those records and then filter through to find the only the ones that are liens. So the additional step of filtering out liens only It may actually cost more money because it takes more time than running just a full title search and then having the client look through to see which ones are liens and which ones are other items. In some cases, a mortgage or a second mortgage or even a line of credit may not reflect as a lien. It may reflect as some other type of items. So if you're looking for mortgages, make sure that you don't just order a lien search because it may also exclude those items. If you have questions about running a title search on real can reach us at our website at title search dot com.