What does an examiner do?
The task of the examiner is to conduct research on the history of real estate to find out information on the name of the land. This will generally include obtaining records of previous and current owners as well as how the land was sold or lost by each owner. The examiners also cooperate with Homebuyers and sellers to ensure that the transaction runs smoothly or to help if there are problems. Many degrees are hired privately by buyers or retailers, banks, lending and real estate agencies.
Many times the title is also a lawyer who specializes in real estate. This will not only allow him to find information about the title, but also to represent the buyer or seller with the problem he can arise. For example, houses and land bought at a tax auction are often sold using a quick entitlement. This is a title or act that basically states that the owner sells any part of the country he legally owns.
abThey clarified, if one buys a property at a tax auction and then sells the land using a quick list for claims, giving up its rights to the ground as in regular sale. However, the former owner may still be able to claim the property if they pay any delinquent taxes that were owed together with the purchase price. Most Homebuyers would not consciously buy land that the seller does not own directly, so the examiner can find this information before closing.
A testing title can also offer advice to someone who has already bought land without a clear title. This most often happens when the property is purchased by cash rather than a bank loan, because most banks require the search for the title to be completed before the loan is completed. If the examiner is also a lawyer, he can help the owner clean the title or make settlements with anyone who may allow the property to be entitled.
Banks and creditors also rely on the expertise of the examiner,Before approved a loan to buy a property. The examiner assures that the title is pure without judgments or lien against it within a certain time frame. This is also important for Homebuyers, because the net title usually allows them to get the title insurance. This will cover any problems that will appear later.