Evaluating Services Offered by Nationwide Title Clearing Inc.
Nationwide Tile Clearing Inc. recently responded to claims that had been raised concerning defects on titles bought via online ordering. This had become a matter of great concern in the real estate scene. Many individuals feel that it is a major cause of wrongful foreclosures. Others opine that it contributes to the stagnation of what would have otherwise been a smooth and uneventful transition of assets in the secondary market.
The firm’s high ranking executives point out that property records are crucial since they ensure that there is a smooth title conveyance. Besides this, it reduces the inability to foreclose, and the risk of buyback. NTC is a leading document processing and research firm, which serves the financial and mortgage industry. The company has put in place measures to ensure that its website is regularly updated. This makes it easy for clients to have access to property reports.
Title defects mostly occur when an entity or an individual claims property owned by another party. A title can similarly be rendered invalid if the ownership documents are not in compliance with real estate regulations in a particular area. Failure to include an owner’s signature in the title can also make it invalid. A property title can also be rendered invalid if encumbrances and previous liens attached to it are not removed. Generally, a property’s title must be lien-free for it to be marketable. Failure to abide by all the filing and recording procedures when real estate documents are being recorded can equally warrant the cancellation of a property’s title.
NTC’s Chief Executive Officer, John Hillman asserts that his organization is committed to ensuring that clients have access to updated property reports whenever they need them. The company bases its report services on actual and factual land records. The company’s extensive database allows clients to access information about most residential properties in the United States. NTC relies on multiple sources to obtain its data. It mainly counts on the counties, which furnish it with this info. This has given NTC the capacity to serve some of the most notable lenders in the country.
Since its formation in 1991, the company has distinguished itself by offering exceptional research services to individual real estate investors, mortgage firms, and other lending institutions. NTC has presence in more than 3600 counties in the United States.