Nationwide Title Clearing, Inc. has responded to action calls regarding title defects by developing an online readily-accessible title report on their website. According to the Palm Harbor release, one of the leading cause of concern in the Properties industry is the title defects. For this reason, some people feel that they are the cause of wrongful foreclosures. On the other hand, others feel that they are the primary cause of stagnation for an otherwise seamless transaction within the market. According to Nationwide Title Clearing, Inc., the key to ensuring that there’s a clear conveyance of title is the property records. For this reason, they will reduce the inability of foreclosure of buyback risk.
The leading document-processing and research provider for the mortgage and financial industry, Nationwide Title Clearing, Inc., has taken steps to ensure that the process of securing real estates is simple. For this reason, Nationwide Title Clearing, Inc. has launched an updated website for online report viewing.
When the entity or person lays a claim to a real estate property, a title defect will occur. For this reason, the actual estate property is owned by someone else. Numerous factors render the claim invalid. They include:
- Failure to include the signature of a responsible part especially the spouse.
- Simple wording issues in the presented document that has no compliance with real estate standards in the state.
- Failure to follow the filing or recording procedures when issuing land records.
- Previous liens and other numerous encumbrances that may not have been removed(the title should be encumbrance-free)
For all the reasons presented above, your title can be rendered invalid. John Hillman, the Chief Executive Officer of Nationwide Title Clearing, Inc., said that the property transferred or sold should undergo a check before the transactions begin. For the company to assist the dynamic mortgage industry, the have made some available reports on their website. They include:
- Tax Status (Plus) Report
- Assignment Verification Report Services
- Tax Status Report
- Current Owner Report (O&E—Ownership & Encumbrance Report)
For Nationwide Title Clearing, Inc., they have made it their primary objective to offer a seamless process of securing real estate properties. The company attributes their success to having a comprehension of the needed results. They have customized their reports with correct information.