Nationwide Title Clearing Inc. makes property reports readily available through online reports. A title defect is a major concern stagnating real estate industry in the recent past years. Title defect also leads to the wrong foreclosure of, and multiple investors feel that it causes sluggishness in the industry whereas the business would be a smooth transition of properties in the marketplace.
Nationwide Title Clearing (NTC) executives indicate that property records are crucial to enhancing a clear title conveyance and also helps reduce the risk of buyback and the exposure to foreclosure. NTC is, therefore, a leading in research and document processing provision for the financial industry as well as the mortgage department. The company has taken incredible measures to secure property reports by recently launching and updating a website that makes property reports readily available online.
Title defect is as a result of an individual or entity lays claims to own a property owned by someone else. Other minor facts that would render to title defects include the following.
– Wordiness in the title deed that does not accede with the real estate regulations of the area.
– Failure to incorporate an inscription of a necessary party in the document such as a spouse.
– Previous encumbrances and commitments should be removed. Ensure the document is from encumbrances.
– Failure to follow the correct protocol or procedure while registering real estate documents.
John Hillman, the Chief executive officer of the NTC, says addressing the documents well before the asset is sold or transferred is the major key point in the real estate industry. Hence, in order to ensure smooth business in the real estate, the NTC made various reports readily available online.
Some of these reports include
– Assignment verification reports services.
– Tax status reports
– Tax status (plus) reports
– Current owner report (owner and encumbrances reports)
This is a significant step in the mortgage industry that will help boost business. Hillman says that their reports based on actual land records and also they obtain various sources during their research which allow them to produce accurate results.
The NTC was founded in 1991 and is a leading privately owned company in the provision of research and document processing to the mortgage industry. The company is notably recognized for delivering accurate and quality documentation while protecting homeowners and investors. The firm has specialized in providing lien release services, land reports, and property records.
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