A title examiner is a professional who reviews records related to real property to determine ownership and any liens or other encumbrances on the property. The title examiner is responsible for researching and analyzing documents that establish the legal ownership of real property and any liens or other encumbrances on the property.
The title examiner’s job is to review all of the available documents related to the property in question. This includes deeds, mortgages, tax records, bankruptcy filings, judgments, liens, and any other documents related to the property. The title examiner must then analyze the documents to determine who owns the property, if there are any liens or encumbrances on the property, and if any legal disputes exist.
The title examiner must also make sure that the documents have been properly recorded. This means that the title examiner must review all documents in the county in which the property is located to make sure that all documents related to the property have been correctly recorded and that no documents have been overlooked.
Once the title examination is complete, the title examiner must submit a report to the lender or other party requesting the title examination. The report must contain all relevant information regarding the title of the property, including any liens, encumbrances, or legal disputes. This report will then be used by the lender or other party to make a decision about the property.
Here are seven important roles of a title examiner:
- Reviewing Title Records: The title examiner’s first task is to review the title records of a property. This includes researching the public records to identify any liens, judgments, taxes, or other encumbrances that may be attached to the title. The title examiner will also review the deed, mortgage, and other documents related to the property to make sure that the title is valid and unencumbered.
- Identifying Title Defects: After reviewing the title records, the title examiner will identify any title defects that may exist. This includes any liens, judgments, or taxes that are attached to the title. Once any title defects are identified, the title examiner will work with the buyer and seller to resolve the issue before the transaction is completed.
- Preparing Title Documents: After all title defects have been identified and resolved, the title examiner will prepare the necessary title documents for the transaction. This includes the deed, mortgage, and any other documents related to the transaction.
- Investigating Property History: The title examiner will also investigate the property’s history to make sure that there are no hidden title defects. This includes looking into the property’s previous owners and researching any potential title issues that may have occurred in the past.
- Providing Title Insurance: The title examiner will also provide title insurance to the buyer. This insurance protects the buyer from any losses that may arise from title defects.
- Negotiating Title Issues: The title examiner may also be involved in negotiating any title issues that arise during the transaction. This includes working with the buyer and seller to resolve any title defects or disputes that may arise.
- Finalizing the Transaction: Finally, the title examiner will be responsible for finalizing the transaction. This includes ensuring that all necessary documents are properly executed and that all title issues are resolved. Once the transaction is completed, the title examiner will then provide the buyer with the title insurance policy.
The role of a title examiner is an important one in any real estate transaction. They are responsible for ensuring that the title to the property is valid and free of any title defects. By researching and analyzing the title records and investigating the property’s history, they help to ensure that the transaction is conducted legally and accurately.
If you’re looking to purchase a home or other property, it’s important to have a title examiner involved in the transaction. They can help to ensure that the title to the property is valid and free of any title defects, and can provide you with peace of mind when it comes to your real estate investment.
The role of a title examiner is an important one. Without the title examiner’s thorough review and analysis of all documents related to the property, lenders and other parties cannot make informed decisions about the property in question. For more information on title examiners, please contact a qualified professional in your area.