Property records are a key component in ensuring clear title conveyance. In a tactical move aimed at curbing the growing problem of title defects, Nationwide Tile Clearing, Inc (NTC) will release property reports online. According to National Mortgage News, the problem of title defects is a major issue in the real estate market. The issue continues to cause unwarranted cases of foreclosures and hinder secondary market asset transition. The company has taken a pragmatic step to make it easy for clients to obtain property reports online.
Some of the reports that can be accessed online include; Tax Status (Plus) Report, Assignment Verification Report Services, Tax Status Report and Current Owner Report. The reports are based on research performed on actual land records. Most of it comes from the counties. The largest portion of title defects and invalidation can be traced to people or companies laying claim to properties that belong to other people. The other factors that can invalidate a title include:
- Lack of signature of important parties such as a spouse
- Wording that is out of step with real estate standards of a given area
- Shortcomings in real estate filing or recording procedures
- Failure to remove past liens and other encumbrances
According to the CEO of NTC John Hillman, title defect problems can also be overcome by ensuring a simple and efficient property securing process. He reiterates that it is very important to address reported defects in good time before a property is sold or transferred. NTC provides research and document processing services to diverse groups of financing and mortgaging companies. The company attributes its success to its ability to understand and provide the right, end-user solutions.
About Nationwide Title Clearing
Nationwide Title Clearing Inc is a Palm Harbor, Florida based bond and mortgaging company. The company specializes in providing research, document processing and auditing service to US based residential mortgage servicers, investors and mortgage lenders. According to Manta.com, the privately held firm was established and incorporated in Florida 1992.
The company has a strong workforce of over 150 employees. Its annual revenue stream is between $100 million and $500 million. The firm has been posting steady growth in recent years. According to National Mortgage News, it was ranked the 26th fastest growing company in Tampa on the 2013 Fast 50 Awards. NTC also made it on the Inc 500/5000 list of fastest growing companies in the US.
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