Effective Title Searches With the Best Title Insurance Company in Clifton

What a Title Search Can Show You and Why Have a Commercial Title Company Guide You Through the Process

Title insurance is a necessary component of all real estate transactions. Whether buying a home, or a hotel, there must be good legal standing in the title of such, in order to properly protect the interests of all parties. For some, it may seem like title insurance is just an added hassle in a real estate transaction but it is actually the backbone of the process as it is a crucial part of validating the investment. We had previously mentioned why title searches are important and today we want to further explain what it is that a title search can show us and talk about why title insurance companies such as Advanced Title Company are such a crucial element for a satisfactory property transaction.

A Professional Title Company Can Carry out a More Thorough Title Search for More Reliable Results

As a professional title service company, at Advanced Title Company we are able to provide a complete variety of services for all the needs of your clients and of your business. Usually, the first step is a title search and as we discussed in our previous post, title searches are the foundational step to discovering any irregularities, problematic conditions, or debts attached to the property. After reviewing the title chain, looking for any glitches on the record, and thoroughly investigating all the encumbrances or any liens attached, then it can be determined whether there can be a title insurance policy issued or if there are errors or problems that need to be corrected first. This also allows all parties to validate whether the transaction is a good investment or if it will be a long and more intricate process. Contact us now, and take the first step to better business and reliable solutions for all your title insurance needs.

What Can Be Determined in a Title Search?

• Real ownership of the property. The most important part of the title search is establishing the accurate ownership in regards to the title and who has the right to sell and is currently accountable for the land. Title searches provide a record of the transfer of the land and also demonstrates the chain of previous owners and holders of such title to determine if there are any missing links or errors in the ownership that could cause problems. Any error in the title can lead to difficulty in the further transferring of the title and property in question.
• Restrictions.  A title search may also show a list of restrictions or easements in relation to the land, or property. These easements are commitments or agreements in regards to the use of the land. Usually, easements are an agreement between  two parties that detail the use or right to use the land under certain circumstances. For example, there may be an easement created legally between two next door neighbors that grant the property next door to build a wall even if it means using part of the territory of that property. If there is a legal easement recorded then the new owner must respect such right of use.
• Debts. During a title search, there must be a result in regards to whether the property holds an unpaid mortgage, or outstanding balance with other institutions, including governmental debts such as unpaid property taxes or obligations owed. There are many types of debts more specifically known as liens, that may have adhered to the property. For a more detailed explanation and further information read our previous posts on property lien problems.
• Encumbrances. Deed restrictions, liens, and even easements or other claims are encumbrances,  once an encumbrance is placed on the property it can greatly reduce its value, and the ability to sell it. Encumbrances can cause an impact on the transaction of the property but it does not necessarily cause the property to become nontransferable. Encumbrances tend to affect the value, but not the immediate possession of the property.

Complete Satisfaction for All Your Real Estate Transactions With the Best Title Insurance Agency in Clifton

Benefit from the best tools and greatest experience with Advanced Title Company. Protecting all your transactions and real-estate transfers is an essential part of your business and we can help make it a smooth and efficient process. You can directly fill out our title order form or call us at (970) 255-7677 to learn more about our complete services and talk to one of our qualified professionals.