For real estate investors, understanding the various types of title searches is crucial for minimizing risk and ensuring profitable transactions. Different title searches cater to specific needs: two-owner searches provide a comprehensive review of a property's ownership history to the prior owner, uncovering any claims or defects particularly likely after a foreclosure; current owner searches focus solely on the present owner's history, offering a quicker but less exhaustive option; and specialized searches like lien & judgment searches target specific potential encumbrances such as unpaid debts or legal judgments.
Expanded Current Owner Search
The Expanded current owner search abstracts property information, current owner names, current deed, and researches for all open (unsatisfied) encumbrances; mortgages, judgments, liens. It includes a copy of the current deed, along with pertinent page copies of all ecumbrances listed in the abstract (mortgages, liens, judgments, etc).
This is our most commonly used residential property report for real estate investors. It's often purchased by pre-foreclosure investors and hard money lenders. There's a residential and commercial search variant avaialble for this title search type.
Two-Owner Searches
Our two owner searches provide the same research as the above current search, but researches further back... to the prior owner (current owner + prior owner). A common usage for this report is for property post-foreclosure; bank owned. You'll want your title search look back for encumbrances and other potential clouds on title due to the prior owner foreclosed upon rather than just the current owner (financial institution).
The residential variant includes a copy of the current deed, along with pertinent page copies of all ecumbrances listed in the abstract (mortgages, liens, judgments, etc). Whereas the commercial variant provides the same, but includes full copies of encumbrances, in which the purchasor is responsible for all copy fees incurred.
Easement Searches
Searches a property for any easements and rights of way that have been established on the property. This search will require you pick a time-period for us to search back; 20, 30, or 50 years.
Mineral Rights Searches
Searches a property for any oil, gas, and other sub-surface mineral rights that have been sperated from property ownership. This search will require you pick a time-period for us to search back; 20, 30, or 50 years.
Judgment & Lien Searches
We can search for any unsatified judgments & liens on a specific address, or we can search a person's name over a set period of time. You'll need to contact us to proceed.
HOA Searches
An HOA title search is a crucial step when purchasing property within a homeowners association. It helps you uncover any financial obligations, legal issues, or restrictions tied to the HOA. You'll need to contact us to proceed.