To help manage title defects within the real estate market, Nationwide Title Clearing, Inc. (NTC) has started to made property reports easily accessible through online orders. In recent years, title defects have become an issue in real estate. NTC reports that property records are a key part of reducing the risk of buyback and inability to foreclose.
There are several reasons for title defects. The most common is when a person lays claim to a piece of property already owned by someone else. If the wording of the documents are non compliant with the area’s real estate standards, this can be another cause for title defect. Real estate transactions require the signatures of all necessary parties, such as a spouse, and the document is invalid without them all. If you don’t follow all of the recording and filing procedures properly for real estate documents this can also cause a title defect.
NTC CEO John Hillman states that to lessen or minimize title defects, they need to be taken care of prior to the sale or transfer of the property. To help combat title defects, NTC has made assignment verification reports, current owner reports, tax status reports, and tax status (plus) reports available online.
National Title Clearing, Inc. is a privately owned research and document processing provider based out of Palm Harbor, Florida. The goal of NTC is to provide a fast and simple process of securing property reports. NTC serves mortgage lenders, investors, and 8/10 of the top residential mortgage servicers in the US. They are known for providing the highest level of accuracy in their research by utilizing the actual land records available in each county. Their quality document processing has set an industry standard for the financial and real estate industry.
Some of the services that NTC provides include property reports, assignment services, land record research and customized services for clients.They have a firm understanding of the needs of their clients, and are able to customize reports to meet each client’s unique business needs. National Title Clearing, Inc. was ranked 26th on the 2013 Fast 50 Awards List of Fastest Growing Companies in the Tampa Bay area.