Title Searches / Document Retrieval
TexVel Inc, is a full-service title company dedicated to working closely with buyers & sellers and their real estate professionals, specializing in Commercial Title Searches, Tax Searches and Residential title searches in the United States of America.
BUSINESS SERVICES AND SUPPORT
Searching the electronic title plant databases along with Ground Abstracting Services for the current and prior owners in the chain of title, deeds, mortgages, judgments and liens, bankruptcies. Preparing the report.
Ownership and Encumbrance Report (Current Owner Search Report or Property Report)
Search current date backward from present title holder and last deed for consideration, to find a warranty deed or other arms-length transfer on the subject property.
Ownership and Encumbrance Report for Two Owner Search.
This report involves a detailed title search on the last two owners in the chain of title of the subject property. Report details like vesting deed, current tax status, county assessment information, open mortgages, active judgments, active liens and legal description. Historical searches can be done for up to 30 years.
Full Search
Detailed Full Title search on Current and Previous owners.
The search should include all names in the chain of title and should report liens and judgments for all owners, current and past. The names must be run for general liens, such as judgments and federal tax liens, for the full statutory period applicable for the state.
In addition, all defects, liens, and encumbrances specifically referred to in the documents revealed in the search must be reported as exceptions, unless properly disposed of. Includes searches related to property lien, easements, CC & R-covenants, conditions and restrictions, agreements, and resolutions and ordinances that affect real property.
We also do historical searches up to 50 years depending state criteria for additional pricing.
Legal and Vesting Report
Property address and location information, full legal description as per deed, tax status and vesting information.
Deed and Mortgage Report
Latest vesting deed and any open mortgages on the property.
Liens and Judgment Search Report
Lists of active liens on the subject property and Judgments on an individual.
Commitment Report for Purchase and Refinance Transactions
Detailed search on the current and prior owners on record, conditions, covenants and restrictions, easement restrictions, any active liens and judgments, exceptions and requirements that affects the issuance of the policy.
Bring Down/ Update Search/ Date Down
Update run or search on the subject property from the date of last search to the latest effective date and report all postings during this period.
City Lien Search
City lien searches confirm whether or not there are any issues or liens attached to the property in question at city/ local level. RTS Inc., reps email/ call/ fax the appropriate county or city officials and confirm the current status of the property. This final search is usually performed a week or two prior to closing, gives buyers and lenders the confidence that all issues have been addressed and they’ll avoid inheriting any unknown liabilities before they purchase the property. Types of information collected.
Preliminary Title or Commitment Report Preparation/ Data Keying
A Preliminary Report is generated by conducting title search for current ownership, outstanding deed of trusts, mortgages, liens, easements, covenants, agreements, restrictions, and any defects.
Search Package
Search packet contains the chain of title prepared by doing a title search. A search packet will contain the chain of title, Full Value Deed, Taxes, Maps. This will be used as a base for preparing the Prelim or commitment report.
Abstract Keying
Key data on the title production system from the title abstract in order to prepare the commitment report.