Get the free TITLE INVESTIGATION REPORT (TIR)

SME13 TITLE INVESTIGATION REPORT (AIR) Name of the Branch Name of the Borrower/ Mortgagor Name of the Advocate (Father/s /Husband/s name to be Address / Tel. No. mentioned. Name and address of the

How to fill out title investigation report tir

Point by point, here is how to fill out a Title Investigation Report (TIR) and who needs it:

1. Start by collecting all relevant information about the title, including the property address, owner's name, legal description, and any previous title transfers. This information will help ensure the accuracy of the report.
2. Conduct a thorough examination of the property's title records. This involves reviewing public records, such as deeds, mortgages, liens, and judgments. Identify any potential issues or discrepancies that may affect the property's ownership rights.
3. Analyze the findings and prepare a comprehensive report summarizing your findings. Include a detailed description of any defects, restrictions, or encumbrances discovered during the investigation. This report should clearly outline the risks associated with the property's title.
4. Determine who needs the Title Investigation Report (TIR). Typically, this report is required by individuals or entities involved in real estate transactions. This includes prospective buyers, lenders, and title insurance companies. They rely on the TIR to assess the property's title condition and make informed decisions.
5. If you are a buyer, review the TIR carefully to understand the potential risks and determine whether you want to proceed with the purchase. The TIR can reveal issues such as unpaid taxes, easements, or claims by third parties that may impact your property rights.
6. Lenders may request the TIR to validate the property's title before approving a mortgage loan. They want assurance that the property can be used as collateral and that their investment is secure.
7. Title insurance companies often require a TIR to underwrite a policy. The TIR helps them gauge the risks involved in providing coverage and determine the premium rate. The report ensures that the property has a clear and marketable title, reducing their liability.

In conclusion, to fill out a TIR, gather relevant information, conduct a thorough title examination, prepare a detailed report, and distribute it to parties involved in real estate transactions who need to assess the property's title condition.

For pdfFiller’s FAQs

What is title investigation report tir?

The title investigation report (TIR) is a document that outlines the findings of a title search on a property.

Who is required to file title investigation report tir?

Typically, the buyer or their attorney is responsible for filing the title investigation report (TIR) with the appropriate authorities.

How to fill out title investigation report tir?

The title investigation report (TIR) must be completed by providing information from the title search, including details about the property and any potential issues.

What is the purpose of title investigation report tir?

The purpose of the title investigation report (TIR) is to inform all parties involved in a real estate transaction about the status of the property's title and any potential issues that may affect ownership.

What information must be reported on title investigation report tir?

The title investigation report (TIR) must include details about the property's current owner, any liens or encumbrances on the title, and any exceptions to the title insurance policy.

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