Unfortunately, homeowners have had their houses foreclosed wrongfully. Often times, the cause of this error has been a title defect. In addition, title defects are thought to create stagnation of real estate markets. Luckily, Nationwide Title Clearing is working hard to stop title defects from occurring. This company has increased the ease of accessing property reports on the internet, which helps to prevent title defects.
There are several causes of title defects, such as a required signature not being present. An example of this would be if a spouse unknowingly did not sign the document. Another way that a title defect could occur would be if the document was worded in a way that didn’t meet real estate codes in the area. When filing and/or recording procedures aren’t conduced properly, this can also cause a title defect. In some cases, issues that would prevent the home from being sold are still present on the title, such as liens. This can also lead to a title defect.
Nationwide Title Clearing is designing a systematic process to ensure that homes aren’t sold if there are title defects still present. Multiple sources are now used in the records that are provided by Nationwide Title Clearing. This ensures that the information provided is accurate.
About The Company:
Nationwide Title Clearing is based out of Palm Harbor, Florida. They have been in business for quite some time. They were founded in 1991, giving them 25 years of experience in the business. During this time, they have provided mortgage companies with research and document services. Eight of the largest ten mortgage companies have used their services, and many smaller companies in the industry also have used them. One important area they provide services in is property records. They have land records in more than 3,000 jurisdictions throughout the nation.
Nationwide Title Clearing also continues to grow rapidly. While they are a well established company, they have been noted as among the 50 companies in the Tampa Bay area that are growing most rapidly. They also have increased their standing in the list of fastest growing companies in the entire nation. Given this recent growth and the long period of time they have been in business, it can be expected that Nationwide Title Clearing will continue to grow for many years to come. In 2013, they received an additional award for helping to bring employment to Americans. This was the Hire Power Award, which is an important honor for companies.