Following the increased incidences of title defects, National Title Clearing has demonstrated its willingness to find a lasting solution to this pressing challenge, by making property records and reports accessible via online ordering. Debates about title defects have become popular in the real estate market. Some individuals believe they lead to wrongful foreclosures and other belief they cause stagnation of assets transition in the secondary market. The executives of NTC consider property records as the key to guaranteeing the right title conveyance and decreasing the risk of buyback or sometimes the inability to foreclose.
NTC’s plans for streamlining the process of property acquisition
Nationwide Title Clearing has created an updated website, containing property reports. This site allows homeowners to obtain their property reports through an online platform. NTC has availed reports such as:
- Tax Status Report
- Assignment Verification Report Services
- Ownership & Encumbrance Report
- Tax Status (Plus) Report
NTC’s property reports are prepared after an intensive research process and are available for any residential property throughout the nation. The firm uses data from several sources during the report preparation process.
What causes title defects?
The popular reason of title defect is when an individual or an entity claims a property possessed by another entity or person. Other causes include:
- Statement or words in the document that differs with real estate standards for the particular region
- Omission of the signature of an individual who is compulsory for the transaction to be successful
- Failure to eradicate former liens
- Failure to observe the filing and recording rules when filling out real estate documents
National Tile Clearing (NTC)
NTC is a leading firm that focuses on expert research, audit, as well as document processing. It serves clients such as accomplished investors, lenders, property owners, and servicers. The firm’s well-trained and teamwork-driven workforce has allowed it to bag the Tampa Bay Times Top 100 Workplace since 2011 to 2016, excluding 2013. NTC opened its research doors in 1991 in Palm Harbor FL. Since its inauguration, NTC has registered significant growth and has become the largest and trusted provider of assignments and lien release globally.
By 2016, NTC had a workforce of more than 450 local professionals. Recently, the company has opened a new base in Dallas Texas. The Dallas service center harbors a new data center that will maintain the quality of services offered even in times of emergencies. NTC’s talented land documents and record professionals can track and meet county document demands in over 3,600 recording regions nationwide.