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Western Title & Escrow Company 360 SW Bond Street, Suite 100 Bend, OR 97702 Office Phone: (541) 3895751 Office Fax: (541) 3829182 First American Title Company Attention: Angie Ionize 9200 SE Sunny
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How to fill out preliminary title report for
How to fill out preliminary title report for
01
Gather all relevant information about the property, such as the legal description, previous title insurance policies, and any liens or encumbrances.
02
Obtain a copy of the current deed and review it for accuracy and completeness.
03
Contact a reputable title company or title attorney to request a preliminary title report.
04
Provide the necessary information and documents to the title company or attorney, including the property address and any additional information requested.
05
Review the preliminary title report once it is received. Pay close attention to any exceptions, restrictions, or irregularities that may affect the property's ownership or use.
06
Consult with the title company or attorney about any concerns or questions you may have regarding the report.
07
Address any issues identified in the preliminary title report, such as clearing outstanding liens or resolving ownership disputes.
08
Once the title issues have been resolved, proceed with the final title report and obtain title insurance for the property.
Who needs preliminary title report for?
01
Homebuyers: Homebuyers need a preliminary title report to ensure that the property they are purchasing has a clear title and is free from any liens or encumbrances.
02
Real estate investors: Investors need a preliminary title report to assess the marketability and value of a potential investment property.
03
Lenders: Lenders require a preliminary title report to evaluate the risk associated with providing financing for a property.
04
Attorneys: Attorneys involved in real estate transactions use preliminary title reports to advise their clients on potential legal issues and risks.
05
Title companies: Title companies use preliminary title reports as part of their due diligence process to issue title insurance policies.
06
Real estate agents: Real estate agents may request a preliminary title report to provide their clients with comprehensive information about a property's title.
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What is preliminary title report for?
The preliminary title report is a document that provides information about the title of a property before a real estate transaction takes place, helping to identify any potential issues or liabilities.
Who is required to file preliminary title report for?
Typically, it is the responsibility of the seller or their real estate agent to provide the preliminary title report to the buyer as part of the due diligence process.
How to fill out preliminary title report for?
The preliminary title report is usually prepared by a title company or an escrow company, gathering information from public records and conducting a title search on the property.
What is the purpose of preliminary title report for?
The purpose of the preliminary title report is to disclose any existing liens, encumbrances, or restrictions on the property that may affect the buyer's ownership rights.
What information must be reported on preliminary title report for?
The preliminary title report typically includes the legal description of the property, current ownership status, any outstanding mortgages or liens, easements, and other relevant information.
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