Many investors and property owners in the real estate sector have continually faced the title defects issue. They believe that title faults lead to incorrect foreclosures and cause transaction stagnation, particularly in the secondary market. The Nationwide Title Clearing’s managing principals have emphasized that property records guarantee a clear title transfer and lower the risks of buyback or wrongful foreclosure. NTC, a premier firm that offers document processing and exceptional research services to the financial and mortgage sector, has availed simple steps for securing property reports. The company has availed an updated website that comprises of thousands of property reports.
Factors that make titles invalid
Title defect can arise when several individuals or entities are claiming ownership of a particular property owned by somebody else. Inconsistency or incorrect wording in the document can render a title invalid. Other causes of title errors range from declining or omitting signatures of an individual or an entity associated with the property, availability of former liens, to improper recording or filing.
The CEO of NTC, Mr. John Hillman, emphasizes the importance of solving the title defects prior to selling or transferring properties. NTC is spurring the growth of mortgage sector by uploading property reports on its website. Clients can obtain these reports through online ordering. Customers are likely to find reports such as Assignment Verification Report Services, Tax Status Report, Encumbrance Report, and Special Tax Status Report. NTC has availed reports for all residential properties.
Nationwide Tile Clearing (NTC) is a center of property audit, research, and document processing. This facility prepares property documents on behalf of servicers, leading investors, lenders, and property owners. It avails a favorable work environment to its team of talented researchers and operations management leaders. Apart from 2013, NTC has held the designation Tampa Bay Times Top 100 Workplace from 2011 to 2016. The facility runs Palm Harbor-situated five-building campus. Since its launch in 1991, NTC has become the trusted provider of lien release.
The primary aim of NTC is to offer the highest level of precision in research and document processing solutions, which safeguard the interests of homeowners and streamline the mortgage-banking sector while protecting the land records of the nation. NTC focuses on becoming an asset to the residents of Tampa Bay and participates in expanding the businesses and economy of the region. It supports charitable organizations and projects such as feeding Tampa Bay, Toys for Tots, and Suncoast YMCA.