Hello, Dave here from TitleSearch.com! In today’s video, we’ll explore the top five errors that individuals often make when conducting a title search. Whether you’re a private individual or someone unfamiliar with the intricacies of title searches, understanding and avoiding these common mistakes is crucial. Let’s dive into the details.
1. Online Records vs. Official Paper Documents: The Importance of Physical Records
The first error we often encounter is the reliance on online records over official paper documents. While online records may offer convenience and cost savings, they can lead to overlooking critical details. The actual paper documents, such as liens, deeds, or mortgages, housed in courthouses contain vital information about the property’s history. Visiting these locations in person ensures a thorough and accurate title search.
2. Overlooking Judgment Records: A Key Element in Title Searches
Failure to explore all judgment records in the land records is the second common error. While liens, mortgages, and deeds are often included in title searches, judgments against individuals may not be apparent unless one visits the civil court records office. These judgments can potentially attach to a property, affecting its ownership. Therefore, obtaining comprehensive judgment records is essential for a thorough title search.
3. Neglecting Probate Records: Unearthing Hidden Property-Related Events
The third error involves overlooking probate records. Events like name changes, divorces, deaths, and marriages can significantly impact property ownership. Checking probate records is essential to capture these events. For instance, if someone changes their name due to marriage, documents related to the property might be missed if the search is conducted under their maiden name. Exploring probate records directly can uncover crucial information, despite requiring an additional step or courthouse visit.
4. Searching All Names: Avoiding Oversights in Property Ownership
Searching all names associated with a property is the fourth crucial consideration. Often, tax assessor’s records may only display the primary name on the tax bill, leading to potential oversights. Running a comprehensive search on all possible names ensures that no relevant information is left out, providing a complete picture of property ownership.
5. Reading Documents Thoroughly: Uncovering Hidden Terms and Conditions
The fifth and final error involves neglecting to read documents thoroughly. Merely glancing at the name, date, or dollar amount on a deed or mortgage isn’t sufficient. It’s essential to meticulously read and understand all the terms and conditions within the document. This diligence helps uncover crucial details such as remainder interests, lien penalties, or accruing interest charges, providing a comprehensive understanding of the property’s history.
Elevate Your Title Search Game
Mastering the art of title searches requires attention to detail and a commitment to thoroughness. By avoiding these common errors and taking the extra steps needed for a comprehensive search, you empower yourself with the information necessary to make informed decisions. Remember, a little extra effort can make a significant difference in the accuracy of your title search.
Have More Questions or Need Assistance? Reach Out to Us!
If you have further questions or need assistance with your title search, feel free to reach out to us at our website TitleSearch.com. We’re here to help you navigate the complexities of title searches and ensure your property-related decisions are well-informed.