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When a title examiner uncovers issues with a property's title, several key steps are taken to address these concerns:
Comprehensive Review of Findings: The examiner starts by thoroughly reviewing the problems, such as unpaid property taxes or liens, that have been detected in the report.
Client Consultation: After confirming the details of these discrepancies, the examiner arranges a meeting with the client. During this consultation, they will discuss the specific findings in detail to ensure the client fully understands the issues at hand.
Explanation of Implications: The examiner explains the potential implications of these issues on the property's ownership and discusses how they might affect future transactions.
Proposing Solutions: Based on the identified problems, the examiner suggests potential solutions. This might include resolving unpaid taxes or negotiating settlements for any liens.
Coordinating with Other Professionals: If necessary, the examiner might collaborate with legal experts or financial advisors to ensure that all issues are comprehensively addressed.
Documentation and Follow-Up: Finally, the examiner prepares any necessary documentation to record the resolution process and follows up with the client to ensure all problems are satisfactorily resolved before proceeding with the property transaction.
By following these structured steps, title examiners help ensure a smooth and secure purchasing process for all parties involved.
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