The cases of title defects have increased in the recent years within the real estate markets. As a result, this has led to increased incidences of wrongful foreclosures and delayed process of transferring property from one person to the other. But according to national title clearing executives, accurate property records facilitate a smooth transfer of title and prevent the risk of a buyback. NTC has put measures in place to make the process of acquiring property reports simple. The company has launched a website where people can obtain property reports online.
Title defects occur when an individual or entity claim a property that is owned by someone else. But, other factors can lender a title invalid. They include;
i. Failure to include all signatures of people or parties involved with the property such as a spouse.
ii. Prior liens and other barriers associated with the assets have not been settled.
iii. Failure to follow filing procedures when recording a property
According to NTC CEO John Hillman, real estate investors should address the cases of title defects long before purchasing a property. The process of acquiring property record is always challenging and if you are not keen you might end up failing to acquire the correct information. To protect investors from fraud, NTC collected various properties reports which investors can access them by ordering through their website. These reports include; assignment verification report services, current owner report, and tax status report.
Hillman further added that the reports available on their website are well researched and accurate. They are sourced from the actual land records and not altered in any way.
National Title Clearing Inc. is also known as the NTC is a private institution based in Palm Harbor, Florida. It is the leading provider of research, audit, and document processing services to mortgage financiers, investors, and residential mortgage servicers in the US. Since its inception in 1991, NTC has been trusted by its clients for providing highly accurate reports that meet the industry standards. They have specialized in providing land records research, property report, assignment services, lien reports, document tracking, and retrieval among many others.