Title Search
MIAMI TITLE SEARCH
Before you think of selling or buying real estate, you have to keep a title search in mind. A real estate transaction cannot be complete without a title search. That being the reality, you will need a title company to help you with a title search. The title company will be responsible for verifying the title of the property for a reliable deal. This is to say, the title company will determine whether the property is the legal owner of the property. If that turns positive, then the property buyer will then proceed with the buying. It is then that they will be issued with title insurance as the supporting document. A title search is a process that will help to protect the lender or the buyer against permissible claims on the property.
Owning a property rest assured that no one will challenge you regarding its title is delightful. We all want to be backed up by such security. Still, that is not enough. Your title search has to be performed by a recognized title company. Otherwise, the whole process and the resulting title will be a sham document. A title company can also be involved in the closing. Here, it will be required to keep the escrow accounts in which the closing funds are held to the time when the loan is completed.
When conducting a Miami title search for a property or land, the following are confirmed:
- The legal owner (who holds the title for the property)
- Listed liens and the unsettled claims on the property
Miami Title & Escrow has been involved in the title search and related services that include municipal and lien searches.
Municipal search
Property acquisition involves many issues. It’s not only about the buying cost. First, you need to be assured whether the property will satisfy the inspection requirements. Secondly, being sure about the neighborhood is necessary. You would like to leave in a place that will be favorable even for your children. Lastly, you have to be assured that your investment will be successful. Meeting all of these requires a comprehensive search before making a financial commitment. A title search is known to solve many issues. Also, the municipal search will help you to deal with uncertainties about a property. It will manage undocumented debt and other property concerns setting you free from municipal controversies.
Our municipal lien search is necessary as it will help you uncover many issues like:
Why do you need a municipal search before purchasing a property?
- It will uncover property as well as tangible taxes.
Municipal search will let know about the state of the last three years taxes. You will find a review of the property taxes outlined in the report.
- You will get a special assessment on your property
The special assessment will be about projects like roads, water, and sewer hookups. The search will reveal unpaid installments resulting from government projects.
- Code breaches
Did you know that imminent code breaches are not available in public records? A municipal search will expose any open cases or current amounts due.
- Unsettled utilities
These are some of the things you should avoid while purchasing a property and can be avoided by doing a municipal search. You will get up-to-date billing information when we do a municipal search for you.
- Municipal payoff data
When an open or pending issue has attached fines, Miami Title & Escrow title search will enable you to get payoff information to confirm the debt not recorded.
- Outdated or open permits.
When you perform a municipal search, you will be able to access the open or outdated permits upon request. Besides, a comprehensive report can be given when possible.
Lien search
A Lien search is conducted to establish claims on a property. This is important such claims can prevent its sale unless the allotted amounts are paid. There are two types of liens that can be put on a property. A voluntary lien can be put on a property with the consent of the owner. That means a contract will be written before this is done and the lien won’t affect the title. Also, the homeowner won’t be restricted from transferring the title.
Another type of lien is an involuntary lien. This can be put on a property following unsettled obligations. An involuntary lien will negatively affect the owner’s ability to transfer the property. From this, it’s clear that if you are a property buyer or lender, a lien search is critical. We offer title searches, municipal searches, and lien searches. Do you have anything to ask about these? Miami Title & Escrow is here to serve you any time. Call us now (305) 928-7586.