In the realm of real estate transactions, the question often arises: how far back does a current owner search go, and is it possible to extend it even further? Dave, a representative from TitleSearch.com, sheds light on this common query and provides insights into the nuances of title searches.

The Most Common Request: Current Owner Search (O&E Search)

At TitleSearch.com, the prevailing request from clients is for a “current owner search” or an “owner and encumbrance search” (O&E Search). This type of search delves into the title records, tracing them back to when the current owner acquired the property.

Finding the Right Balance

The reason behind the popularity of current owner searches is the delicate balance they strike between cost and complexity. While it’s possible to investigate a property’s title records spanning several decades, even a century, such endeavors can become prohibitively expensive and time-consuming.

Efficiency of Current Owner Searches

A current owner search emerges as the most efficient option for clients due to a crucial assumption. When the current owner took title, there’s a presumption that a thorough title search was conducted. This implies that everything relevant to the property was considered up to that point. Despite the occasional exception, this presumption generally holds.

Why Current Status Matters

The importance of knowing the current status of the property cannot be overstated. Subsequent owner searches essentially become new investigations. For instance, conducting a title search during John Smith’s ownership is one thing; however, searching for the previous owner, like Bob Jones, resembles initiating a new search process.

Tailoring Searches to Specific Needs

To cater to diverse requirements, some clients opt for searches based on the number of owners, such as a three-owner search or a more extensive search. Specialized needs, like those associated with SBA loan title searches, may necessitate a 30-year search, irrespective of the number of owners.

When to Look Further Back

Certain situations mandate going beyond the current owner’s tenure. Legal requirements, such as those tied to statutes or specific loan types, may dictate searches spanning 50 or 60 years. If such specific needs arise, TitleSearch.com is equipped to accommodate them.

Seeking Legal Advice

Dave advises seeking legal advice from your attorney to determine the most suitable search for your needs. While a current owner search is widely popular, exceptions may exist, and professional guidance ensures you make an informed decision.

Connect with TitleSearch.com

For more information or to discuss your specific requirements, reach out to TitleSearch.com via their website: titlesearch.com.

Understanding the intricacies of current owner searches empowers clients to make informed decisions in real estate transactions. TitleSearch.com stands ready to assist, offering the most popular and efficient option, the current owner search, while also catering to unique needs with a range of search options.