In recent years title defects have become a real issue in the property market. Most people feel like it is leading to wrong foreclosures as well as stagnation in the transition of assets in the market. Executives of Nationwide Title Clearing, Inc. (NTC) says that only proper records of property can ensure a clear title transference and reduce the risk of buyback and wrong foreclose. Nationwide Title Clearing is a firm that leads in providing research and document processing for mortgages as well as the financial industry in general. They have developed a way in which the process of securing property reports is simplified through an updated website they launched that avails these reports online.
Most title defects occur when an individual or an entity claims a property that is already owned by someone else. Other factors that would lead to an invalid title include:
• Wording in the document that does not comply with real estate standards,
• Non-inclusion of a signature of a crucial party to the transaction,
• Previous encumbrances that are not yet removed from the title,
• Poor filing procedures during the recording of the real estate documents.
John Hillman, the CEO of NTC, says that everyone should address the issue of title defects before selling the property. To assist in the fast growing mortgage industry, NTC has developed the following online property reports.
• Assignment Verification Report Services
• Current Owner Report (O&E—Ownership & Encumbrance Report)
• Tax Status Report
• Tax Status (Plus) Report
Nationwide Title Clearing has provided a simple and fast process to secure property reports where Mr. Hillam says that their services are based on research done from actual land records and are available for residential property nationwide. NTC officials say that the process gives accurate reports for the intended purpose. They ensure that they understand well the result of the client need which they say has helped in their success.
About Nationwide Title Clearing, Inc.:
Nationwide Title Clearing is a firm located in Palm Harbor, Florida in the year 1991. It is a privately owned firm that provides research and document processing services to the residential mortgage industry. They lender their services to investors, servicers as well as lenders. NTC is known for the provision of accurate information in all their services to protect homeowners, assist mortgage banking industry and to maintain the nation’s land records. Their land records and documents experts are always able to track and fulfill all documents jurisdiction nationwide.
The company’s main services offered include property reports, land records research, assignment services, document tracking and retrieval, lien release services as well as other personalized business solutions. The firm’s ranking number in 2013 was 26, got listed in the Fast 50 Award list, and was ranked position 1900 on the 2013 Inc. 500/5000 list from 2,730 in 2012. Finally for putting Americans back to work they had been awarded Higher power award for the second consecutive years in 2013.