There are many searches and sources of information utilized to comprise a current investigative report for the property manager, creditor, franchisor, or OEM. A land title sub search is one of those sources and can provide a range of pertinent information. Results can assist in confirming ownership, in what is often an individual’s primary asset.
What is a Title Search?
A title search or property title search is the process of retrieving documents detailing the history of a piece of real property, to determine relevant interests in and regulations. The process of performing a title search involves acquiring the official land records for the subject property. The objective of the title search in a credit report is to determine ownership and value of an asset, assisting in the qualification of a prospective tenant, franchisee, or OEM.
What details can be revealed by a title search?
Applicant’s ownership in the subject property
Outstanding encumbrances such as mortgages and liens
Date of Purchase and purchase price
Assessed Value of Property
Approximate equity in home
Notices placed by Revenue Canada
Municipal Property tax arrears notices
Environmental and Construction Liens
Notices of Pending Litigation
At Quality Credit Reporting, we take an investigative approach to every file and find the most valuable, credible and up-to-date information possible to help our clients. For more information on our reports and how they can assist your company, contact us today!