Sentences with phrase «identify encumbrances»
A title search is performed to identify encumbrances and liens and any unsatisfied claims are addressed prior to closing.
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The most common problems were: inadequate investigation of title; failing to identify and deal with all the mortgages and other encumbrances affecting the property, failing to undertake appropriate searches and inquiries or failing to advise on the results; and failing to advise co-purchaser clients on co-ownership options.
Title Search - A detailed examination of the ownership documents to identify the owner and any liens or other encumbrances on the property.
Exercise due diligence by identifying registered encumbrances and acquire an instrument number.