Nowadays, in our day-to-day life it is becoming common to hear that people bought a property and found that its documents are illegal with some conflicts. Why is this increasing day by day and have you ever thought about the reasons behind it? The only possible reason for this will be that people were not investigating about the issues related to the property before they are buying it. If you are planning to buy a property and wish to get avoid of those problems, then you should conduct property title search before to make any final decision regarding the purchase of property. Here, you can find all the information related to the title search services Indiana.
Title: What does it means?
It's is sometimes referred to as a deed, when you are buying a new property and buying the title to that property. This process is carried out to make sure that you own the property and your title company registers you as the owner of that property in the land registry system at the county. Apart from buying the property, getting the clear and marketable title to the property means a lot as it is vital for protecting the investment. This is essential for selling the property in future and also for obtaining the financing solutions such as mortgage against your property, if needed any.
What is a title search?
Once you decide to sell your property and your sales contract has been accepted, soon after that a title search services Indiana professional will search for the public records to look for any problems related with the property’s title. This process involves reviewing the land records going back many years and more than one-third of the title searches Indiana will reveal the problems related to the title that the title professionals fix before you are going to close. Title search professionals will seek the best solutions for the problems before you go to closing like the previous owner may have has a minor construction done and not paid to the contractor or they might have failed to pay state or local taxes.
Title search Indiana: Motive behind it!
The basic motive behind performing the title search services Indiana is only to save the people from all the difficulties related to the property by ensuring whether the property owner was involved in any criminal activity or not. Without the proper investigation, this information cannot be found and title search will help you come across all these problems. There exists a thought that this is an expensive procedure but, ignoring this process will cost you in various forms of difficulties.
Steps to conduct a title search Indiana
- Chain of title
- Tax search
- The closing