Did you know that a large amount of important information is freely available to the public through public records searches? If you’re a title, legal or lending professional, you know the importance of dependable public search results. However, you may not know the full range of useful information that public records can provide. Let’s explore in depth the benefits and applications of public records information.
There are many inspections, forms and processes that must be carried out before someone purchases a home or property, especially if it’s on or near the water. One of the most important investigations a potential home or property owner can conduct before considering a particular piece of land for purchase is a property search.
A property search primarily deals with water surrounding a property. It identifies the water that stands on or flows through a property, as well as the probability of flooding based on a property’s vicinity to water sources. While not required, a property search should always be carried out before buying a property that has water running across it, standing water or is located near a source of water. Property searches also consider Riparian water rights, which deal with the ownership of water.
Here’s what you need to know.
Owning a business is no easy feat; apart from day to day operations, the legal side of owning a business can be confusing and daunting. Laws differ by state, with businesses requiring different paperwork and certificates in order to operate legally and successfully. One of the major components of operating a business legally is a Certificate of Good Standing, also known as a Certificate of Existence, or Certificate of Authorization. In this blog, we’ll explain what a Certificate of Good Standing is, how to get one and what it means for your business and others that want to do business with you.
Choosing a business name is an exciting milestone for entrepreneurs. It’s easy, however, to get wrapped up in all the planning without first considering the complexities of legally claiming this big, defining aspect of your new business. There are several things you need to nail down before you can officially call a name your own, and we’ve condensed them into five easy steps so you can approach claiming a business name the smart way. Don’t risk encountering legal complications or losing out on a name you love—start your naming journey by reviewing these five steps and following them to completion.
A lien is essentially a claim put on a piece of property owned by someone else. For example, when a party takes out a loan to purchase a house or other piece of property, they sign a contract agreeing to pay back the debt they owe. Due to the amount being borrowed by the purchaser, which is typically an amount larger than a normal purchase, the creditor requires some form of security in the event the debtor stops paying back or defaults on the debt they owe.
Buying a foreclosed home is a high-risk, high-reward situation, and with 676,535 US properties being foreclosed in 20171, there are more than enough options for the interested buyer. A house is subject to foreclosure when the current owners are unable to pay their mortgage and the bank or investors buy the house back from them. Most foreclosed homes are then bought by investors or private parties with the intent of updating or fixing them, and flipping them back on the market for a higher price than they were purchased for.