Before entering any real estate transaction, you must conduct a title search. A title search will show if the property owes back taxes or has outstanding liens. The search can also help protect you from unknowingly inheriting someone else’s debt.
When a real estate transaction occurs, it is important to keep official records current to verify the property’s history, purchase, and ownership. As a title company, you have to ensure that your clients’ real estate transactions are accurately recorded with the county. The recorder dates and stamps real estate documents and uploads them to a public website.
The closing disclosure explains all the details of a home loan. It’s a most important document of a real estate transaction, as it helps to avoid errors and misunderstandings that could cause problems during the repayment process.
The real estate market is changing fast, and there is no room for hesitation. The industry is getting more competitive and less tolerant of errors. That’s why many businesses are embracing Business Process Management (BPM).
Accurate and up-to-date tax certificates are a vital part of any real estate transaction. Errors in these reports can cause significant losses, both financial and reputational. Read on for more info on what a tax certificate includes as well as why you should partner with TEG for your tax search needs.
Buying, refinancing, or cashing in on equity for residential or commercial real estate is fascinating, whether it is a new development or a dream of owning a home coming true after many years of struggle.
Title companies are tasked with the important responsibility of ensuring that all closing disclosures are accurate. Even the slightest mistake can have costly consequences. In this article, we’ll explore some of the reasons why errors on CDs (closing disclosures) can be so costly, both fiscally and reputationally for title companies.
The process of securing a property, whether commercial or residential, is often exciting. But a defect in the title can be a major drawback to advancing the process. It also undermines your dedication to providing hassle-free transactions and derails your clear to close. Until title issues are resolved, your project will be halted. For a real estate development company, that might mean losing significant revenue. For a property hunter, defective titles narrow the odds of purchasing a dream property.
A survey of business leaders shows that 59% of companies use Business Process Outsourcing (BPO) services to reduce operational costs. Other benefits organizations get from a BPO provider include: