If you are in the process of buying property, it is vital to perform a property title search. This is not something you can easily do yourself. Fortunately there are professional title companies who can do this for you. Advanced Abstract can perform a title search related to properties in Allentown PA, Bethlehem PA, Easton PA, Reading PA or Stroudsburg PA.
So why is it important to request a property title search? The reason is that there could be problems with the title to the property you plan to buy. Should there be a problem you may end up with a title that is defective and unmarketable. Title problems can arise due to defective ownership on the part of the seller. There could be mistakes in public records that resulted from clerical errors or even fraudulent acts. There could be liens and encumbrances against the property. Liens could be in the form of judgement liens, tax liens and mortgages.
A property title search is designed to uncover any potential flaws or defects in title. A property title search includes studying property extracts as well as court records and deed information. A title register will contain details of the owner or owners, what price was paid, if there are restrictions on land use and so on. A title plan defines the property and you can even requests details regard flood risk. Property abstracts are a chronological history of transactions and events that are related to or affect the property. A title search will also include marriage licence, divorce decrees, death certificates, estate filings and more.
In addition to a property title search you should also obtain title insurance to help cover your financial risks related to defects in title. Advanced Abstract can help you with a property title search as well as title insurance in Allentown PA, Bethlehem PA, Easton PA, Reading PA or Stroudsburg PA.