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!
Tags: Property Management
