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[Full_Circle_prop_svc]

Hello all;

How can you verify that the owner only owes on the deed what s/he states? When is the title check performed to clear title??? :help

[kdhastedt]

The most definitive way is to get an “estopple letter” from the seller’s lender.

You can get a title check run at any point. This will insure that there are no further liens against the property.

Keith

[matshingdo001]

clear title?
do you meen what all the encomberrances and if any exacutions… I hired a freelancer to show me how to do all title searches you can also have a lawyer or title company do it.
I do it myself, also if you are purchasing a property find out if there are any person exacution on the seller, i do everytime…
I know alittle to crazie but i hate when a deal blows up on closing!but remember i live in canada there are diferent laws here but all is pretty much the same just called different! :biggrin

[vardakis]

@kdhastedt post:2

The most definitive way is to get an “estopple letter” from the seller’s lender.

You can get a title check run at any point. This will insure that there are no further liens against the property.

Keith

Keith…never heard of an “estopple letter” from the lender? Does the lender run a prelim title to see if they are dealing with other encumbrances? If not, what is it?

The only way I have heard to find out if the title is clear is to have the title company do it for you. They will do it for you if you assure them the business transaction.

[kdhastedt]

The OP asked two questions:

(1) How can you verify that the owner only owes on the deed what s/he states?

The most definitive way to find out what he really owes on the mortgage(s) is with an estopple letter(s).

(2) When is the title check performed to clear title???

You can get a title check run at any point. This will insure that there are no further liens against the property. If there are further liens past the ones that the owner has.

Keith