All checks that would normally be made payable to the County Clerk, should now be made payable to SMPR Title … Continue reading
Foreclosure Guarantee
Foreclosure Guarantee Search
Who Needs It: Mortgage lenders anticipating foreclosure on a property.
What Is It: A foreclosure guarantee is a report on the property about to be foreclosed. It includes all tax information, a legal description of the mortgaged property and the mortgage to be foreclosed, and a listing of all parties who need to be named in the foreclosure. In addition, a foreclosure guarantee will certify the title of the property and note any “exceptions to title of record subsequent to the recorded mortgage.”
Why It Matters: Foreclosures are increasingly complex actions and are coming under more and more legal scrutiny. It is critically important that all necessary parties be identified so that they can be legally sound with notice of the proceeding to the foreclosure.
Our Services Report All Tax Information, Legal Description and Mortgage Amount
The SMPR Difference: SMPR takes the utmost care when searching for defects, hazards, or liabilities with a foreclosed property title. Our employees search records, read title documents and produce all reports and policies. We provide a timely and comprehensive report to better enable you to protect your investment.