In the most recent years, title defects has been the area of major concern within the housing market. A defective title means that the title has a lien on it or there is a mortgage on the title. The title can’t be transferred because a third party can place a claim on it.
Nationwide Title Clearing, Inc. is a company that researches property records as well as uses human verification so that a piece of property can be placed on the market without any hindrance. According to NTC, property records are vital to secure a clear title. This lowers the rate of lenders being unable to proceed with the foreclosing process and lowers the risk for a potential buyback. Nationwide Title Clearing has implemented a system that secures the property reports. On the Nationwide Title Clearing new website, users can easily access the reports.
A common occurrence with a defective title is that one person tries to claim a piece of property or item when it belongs to someone else. A title can be deemed invalid if the wording on a legal document does not meet the standards within the real estate market. Also, a missing signature that is mandatory to complete a transaction, past liens are still showing on the property or asset, or following the recording procedure for the property or asset legal documents can deem the title defective. These matters have to be resolved in order for the property or asset to be placed on the market.
CEO of Nationwide Title Clearing, John Hillman stated that correcting the defects on the title is vital before it can be transferred or sold. Nationwide Title Clearing has taken steps within the mortgage area and has made property reports easily accessible by ordering it online through their website. The company’s goal is to offer a fast, straightforward process in gaining property records nationwide.
Nationwide Title Clearing gathers data from several outlets during this process. Lenders all over the United States use the services of NTC so that any future property or asset transactions continue without legalities. They produce results that are accurate.
Nationwide Title Clearing, Inc. is located in Palm Harbor, FL. It is an independent company that provides services to the residential industry. They provide services to investors and mortgage companies. NTC is well known for distributing accurate, researched, documents concerning the property or asset in question. The company was established in 1991.
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